In 1926-27 no less than 4 artists recorded "Johnny Come Down to Hilo". Based on the titles of their other selections, and the fact that it was the only full performance version at the time, they must have all performed Terry's version.

1927        Lloyd, Llewelyn. "FOLK-SONGS OF THE SEA Shanties on the Gramophone." _Gramophone_ (March 1927)

...Vocalion have economised space by getting eight shanties on two ten-inch records, ...The shanties recorded by this company are: Tom's gone to Hilo, Billy Boy, Rio Grande, and Blow the man down (X. 9786); and Shenandoah. Johnny come down to Hilo, A long time ago, and Fire down below (X.9787)...

Parlophone have devoted three ten-inch records to sea shanties, the singers being Kenneth Ellis and a male quartet, while the accompaniment is provided by a string quartet and flute, which proves a pleasant change from the usual pianoforte. ... The first record (E.5583) contains Amsterdam (also known as A-roving) and Shenandoah; the second (E.5584) has The Drunken Sailor, Santy Anna and Lowlands Away (the last two fine tunes, not elsewhere recorded); and the third (E.5585) has Rio Grande, Reuben Ranzo, Blow the man down, and Johnny come down to Hilo....

...Robert Carr and the Seafarers, who sing shanties for the Edison Bell company, impart a welcome touch of vigour to their renderings, which is unfortunately somewhat rare in other recordings... Other shanties recorded by these singers are: Billy Boy, Blow the man down, and Shenandoah (V.F.1159); and Rio Grande, and Johnny come down to Hilo, (V.F.1163)...

...The Aco records are made by John Thorne and a male trio, who sing Haul away Joe, Rio Grande, Shenandoah, and Billy Boy (G-.15824); and The shantyman's song, Can't you dance the polka?, The Drunken Sailor, and Johnny come doun to Hilo (G.15870). ...

Surely this must have had an effect of creating a "standard" version.