I don't think this movie should be accepted in its current form. There are a variety of reasons for this, but the main one is that it's been demonstrated to suboptimal in some rather significant ways, regardless of how you look at it.
1. Using SGB mode. I don't personally care too much about the extra time here, but a frame purist would say it's unnecessary time for the purposes of comparison, and I assume this movie is going to be accepted as a Vault movie.
2. Slow hint-cancelling. Every hint-cancel in the submission loses 30-frames by pressing B instead of R then A.
3. Level mistakes. Holding A at the start of many levels saves one frame by chiseling the top left square followed by immediately moving to an adjacent square (normally, a blank frame is required between inputs). Also, my analysis revealed that the Star 6B level accidentally had some extraneous inputs added that wasted time. This can even be seen in the encode if you watch it at 25% speed, where you can see a square is chiseled, erased, then re-chiseled.
4. If completing all the Time Trial levels would obsolete this movie anyway, maybe we might as well do that now if it wouldn't take too much time. Optimal solutions would need to be found for the additional 64 levels, but I'm already working on a program to do so. I think this is less important than the other 3. Another submission can be made later.
Overall, I think the original movie is a good foundation for a site publication, but it just has a few issues. I would urge Jigwally to request a delay if he's interested in waiting for me to finish my version, which would be co-authored with him, since I'm probably going to be using his solutions for the most part.
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EDIT: Here is the fastest movie file I've gotten so far. It addresses all of the above issues except for #4:
User movie #64941625601488011. This movie goes through EASY PICROSS and PICROSS, ending input early before the PICROSS completion screen is guaranteed to appear, which already seems to be confirmed as a reasonable endpoint. If Jigwally is willing, it can replace the submission, and I'd be more comfortable with the submission being accepted.
I'm kind of wondering if completing all 64 time trial puzzles should be in a separate submission anyway, since the validity of that being considered full completion is more contentious. It will take some time to add those new puzzle solutions and create a new movie file, so this movie being accepted in the interrim wouldn't necessarily pose a problem, even if does end up ultimately being obsoleted by a "more complete" movie later.