Hmmm..I like both versions but I'm teetering on the colour...why?
I think the B&W/conversion makes this look like a reaaaaaaaaaaaaaly old style/fashioned photograph..now that's not necessarily a bad thing, just how I see it. I think sepia would do this even more.
Alas, and none-the-less...great image, well done Geoff (with the same spelling..legend!)
A bit of patience and time and I think you could successfully get rid of the hair, if you are keen on this Geoff, I know a specialist in the field and could have it done for you in the blink (well nearly) of an eye...just say the word. I gave it a go, but I've had one too many beverages this lovely summer's evening and well...*hic*.