Thanks, Charlie. Very good suggestions.
I've toyed with the idea of peeling back the backup instruments a bit more to reveal the guitar, and I probably should experiment a little with that again, since I mentioned it here, it must be something subliminally that I do want. It's all back there, there's no punching in, just a little enveloping.
And you general thought about a lyric change I totally get. Previously, I'd fooled around with that/the, eye/eyes a bit, different ending direction, but decided to keep it simple.
I'd made a similar change in another song and eventually I regressed to the original word ("forgive you" to "forgive that", back to the former), just didn't feel right, clunked. There are no rules in writing, of course, but a guideline I've seen (and seen again recently here in the Songwriting forum, addressed the role of particular word-types in a sentence, action verbs, subjects/nouns, adjectives/adverbs, and the importance of not clouding those too much.
Regardless, your thoughts are really appreciated and I really thank you for the suggestion on the guitar. (And any reference to Mr. Lightfoot is a HIGH compliment. He is amazing.)