This is a really cool take on Bloody Tears! The time signature change really makes it feel "jaunty". For some reason, that's the word that comes to mind. It also kinda reminds me of your mountain overworld song from the 7th VLDC.
Speaking of Bloody Tears, is it the most covered/ported song in SMW? I think so! Here's my count on who made ports of it:
Tornado (ported it twice. 16-bit and 8-bit versions)
Lui37 (a swanky remix)
Iguy made at least two unreleased Bloody Tears ports