I'm currently obsessed with the Kid Jensen version of this song, which is new to me this week.
YouTube:
https://www.youtube.com/watch?v=GRJzwFanf6A
The single version was recorded in Autumn 1979 (per sleeve notes), which is just a few months after the "Quit Dreaming" sessions (February-June, 1979).
The Jensen version was broadcast in June 1981, which puts it inside the date-span of "The Love That Whirls" sessions ("between Spring and Autumn, 1981).
And it sounds EXACTLY like TLTW moment. Glorious. The definitive take, IMO.
(Sadly, though this version was released on "The Practice of Everyday Life" box set, current digital purchase versions of that set don't include it or the other radio broadcasts that made up the final disc. Licensing limitations have been a curse for BN and his back catalogue, and I really sympathize.)
It's a cracking recording, and I remember hearing it on the John Peel show at the time. Peel's typically droll introduction to that track was something like "Another track from Bill Nelson in session now - this is a version of one of his, er, 'hits'..." Interesting that you think it has the TLTW vibe. I guess it's edging in that direction, but I tend to think of it as 'classic' Practical Dreamers sound. If my memory serves me well, this would have been recorded at the time of the PD's 1981 tour, and is therefore a perfect sample of what the band sounded like 'live' (or close to). Such an interesting phase of Bill's career this. He was going really left-field pop with tracks like RWBV. Commercial suicide, in a sense, after Be Bop Deluxe, but I love the fact that he took this anti-career move.