This is kind of like recutting the Avengers to have no fantastical elements. If the MPAA said aliens and super powers have to go, then you'd have a 15 minute movie that makes no sense. Same thing here, there is no believable way to for the game to have the mostly same story without the "objectionable content" the game was built around. Sure, you could not use the pills earlier but it was never believable. The relationship building isn't there for anyone but Meg and it's still too damn early for her to be flashing her tits. And the whole roommate acting like a daughter thing just breaks logic.
The game would make no sense to someone who does not know about the cut content. "Wait, what? Why is she acting so out of character all of a sudden?"
It was a valiant effort to "play ball" but I don't think this will work, especially when you have to make a patch on top of the neutered regular edition of the game. The patreons who actually play the game and don't know about the patch will probably leave. I don't think this should be released without a lot more overhaul.