Love this track.  Every song can stand a reggae version.  For a good reference, check out Alpha Blondie's version of Wish You Were Here by Pink Floyd.  It features Scottish bagpipes for godssake!!  Bagpipes, I tell ya!   

I almost always appreciate genre-bending/morphing, but not sure about this one. Might need to hear it a few more times.

If Steve Earle can get away with Johnny Too Bad, then...