I always thought the "take it this time" was meant to be part of something like: "We've rehearsed enough, let's take/record it this time."
In the sleeve notes of that Goldtop album, Snowy writes that he included those songs (Slabo Day and In The Skies) because he himself played lead guitar. And the reason for that, was that Goldtop was HIS album.
But the lead guitar on the Goldtop version of Slabo Day does indeed sound like Peter.
Hmmm......
