Thanks for the explanation, Robert. I saw both names on the Archive.org link but hurriedly assumed that Setters was the name of the recording engineer. That makes sense.

Thanks for bringing the Asa Martin version to my attention, Hoot. You can hear the Asa Martin recording here. His recording covers the first two verses near verbatim, then skips to verses 4-7 before closing with a close match to the song's final verse (no. 14) which reads as follows:

Young men please take this warning
From the fate of these two men
Your grudge will cause you trouble
On this you can depend
On the bottom of a whiskey glass
A lurking devil dwells
That burns the breasts of those who drink it,
And sends their souls to Hell.

I will have to take a closer look at the FRC. It's come across my radar before but I've never looked too close into it.