So I tried writing a critique because I really like the picture, but I haven't the skills to be credible.
While I like both versions of it, you have definitely found a more dramatic perspective in the newer illustration. Having the eye drawn from the small people to the nearest building, and on to the farther ones is a much more interesting way to experience the picture.
On the other hand, if this were a storyboard, I think the earlier picture would go well just before the latest one.
Great Work! My husband has read a lot of H. P. Lovecraft, and it may be time for me to read some now