Yes, that verse is somewhat similar, isn't it.
I'ts a bit more than the usual off-the-shelf lines that crop up in traditional songs - "lofty tall ship", "pretty fair maid" etc. etc.
Back to the song in question, Ive always gone with the Grantham version because I first came across it in a poetry book we used at school - Voices (volume 3), and it's the version I first heard sung by Shirley Collins.