I wasn't aware of the changes in the Masterworks (I haven't that SHIELD volume yet, I'm waiting for the softcover like in 6 long years), first, I think the Code was stupid and made arbitrary changes in order to justify their existence and salary. And I also prefer the original scene drawn by Steranko without the inking changes, anyways I think that image is not that pornographic even for the time.
But on the other hand I have mixed feelings here, I think that Masterworks should reproduce the material with the best printing, linework, reproduction etc, but in the way it was originally printed: including colors (gray Hulk in Hulk 1, pink humanoids, Galactus weird color pattern in his outfit in his first appearance), mistakes (Bob Banner, Miss Brant instead of Miss Ross, Don Blake for Hank Pym, Superman for Spider-Man, etc), and art as originally shown even if ruined by the Comics Code.

What's next? In the Archives are they going to print Superman's face and logo as drawn by Kirby instead of the editorial changes (even if they wronged the artist), if Marvel and DC take that path of changing history it will be chaos.