Rather than take 1E and cut back, I'm sort of siding with that guy with the blog who says take Basic + Expert D&D (or maybe C&C), and build on that.
That’s my preference. Start with B/X and steal liberally from every other edition. (And more!)
(just look at the flavour-based level limit on halflings, thieves still needing fixing, elves being plain out broken, sleep being the default nuke everyone and their uncle takes at low level etc. etc.)
But those are all things I consider features!