Yes it's quite possible that Lloyd (re)wrote "Talcahuano Girls". I only know of three other versions of this. They are nearly identical to Lloyd's verses but all were recorded later than Lloyd's 1967: - the Critics Group's "We'll Rant and We'll Roar" (1968 live recording, leaving out the last verse), - Gordon Hall's "Talcahuana Girls" (c. 1990, the Roud #32688 version you mention), - Danny Spooner and Duncan Brown's "Talcahuano Girls" (2006). None of them revealed their source, and all may have gotten the song from Lloyd.
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