Nick Slater's great lettering slightly reshuffled

Yesterday, I came across Nick's lovely piece of lettering.
I love the shapes and the styling but I felt the balance was slightly off, with spaces opening up to the right a bit too much. I have been playing around a lot with lettering lately and the overall balance of a piece is the hardest thing to get right for me and I was intrigued to try out how I would solve it.

I hope you don't mind, Nick, that I had a go at shuffling around your beautiful letters.