For me Jone's accompaniment is the real story here, it's the thing that makes his arrangement unique, Dylan's version of this follows the same basic structure and but his guitar accompaniment is about 1/10 as complex as Jones' and his vocal is not in the same ballpark. I do like Dylan's singing, up through "Blood on the Tracks" but not much after that.
For another lovely version I'd recommend Eilis Kennedy's with a great guitar arrangement by William Coulter which is quite different from Nic's. Can't find it on YT.