Thanks for the attempt. I appreciate the effort that you put into it. I came up with a similar translation; albeit, with variants:
2nd verse:
Well whore said "lover don't you ride around town"
Well listen right there and I'll tell you s'all about
If you can't do like my other woman
Ain't gonna be your roustabout.

To answer your question Jim; no, I don't know any other bawdy versions. I just picked this up while surfing, and liked the melody a lot, so I figured out how to play it on my banjo. That's the kind of music I like to play. Old timey stuff -Dock Boggs, Dwight Diller, Roscoe Holcomb, et al.