So I ended up with the much maligned Bicycle pressing even though I ordered directly from Craft and you know what? It actually sounds really good. Maybe I had such low expectations based on everyone here telling me to avoid the Bicycle pressing or the new pressings from Bicycle have been improved - either way, I'm fine with this as my copy until/unless a true audiophile reissue happens.
After much discussion last night about barcodes and deadwax and Mrs. Mather I pulled my copy of LZ II out to spin today - I'm still pretty sure it's the Optimal pressing and not Pallas but man does it sound good to my ears.