This is a great song and reminds of the 26 years I lived in London, my 20s to mid-40s. It's the usual brilliant production, but I wouldn't cut verse 3 as it come in just at the right place. An alternative would be to cut your least favourite non-chorus verse and play a solo over the following chorus, though that wouldn't shorten it a lot.

Some favourite Waoist Adages:
#1: Play on the Way.
#13: Ask not for whom the flower blooms, it blooms for you.
#58: Bring consciousness to it.
#63: On the road to effortlessness, effort must be made.
#92: Be Love Now, the rest will come on its own.