This is one of my favorite Dylan songs. The producer, apparently, had quite a lot to do with the final sound on this particular item, which is somewhat abnormal for Dylan.
I read a Christian’s take on the song, and they had a really observation about the one line, “ You cannot depend on it to be your guide” referring to conscience…according to this guy, that’s a lie. He says that the Bible specifies that our conscience is exactly the tool God gave us to guide us in decision making. I don’t know enough about the Bible to verify or disprove that, but if true, it’s interesting. Dylan knows the Bible well and I don’t think he would write this line offhandedly…it’s significant.
Anyway, I liked your article. P.S. Some claim the man is Johnny Cash but I find that far too simplistic an interpretation.