First, I would like to preserve the aid-ability of the climb, in addition to the free climbing. No question. That was the FA. And there are few long good rock aid lines at Pinns.
That doesn't mean it needs to be a A0 bolt ladder, but not putting a bolt within distance of a t-off or high step clip means a hole, hookable edge, or rivet to clip. Putting a rivet inadvertently invites someone not familiar with the situation to "upgrade" it over time, unless there is mass education about why it is there. A hookable edge is a free edge and may disintegrate. A hole will like disintegrate too, absent the educated and diligent use of Removable Bolts (RBs). Leaving the hole count the same and then filled the holes with good bolts seems completely appropriate and consistent with existing ethical approaches (minus removing agreed extraneous anchors).
Second, about the first anchor. Not that I could free climb at the level past the first bolts anytime soon, but if the position of the first anchor is arbitrary, then dropping it down one, or moving it to reduce drag, seems to not be an issue in my mind, in that you can also get the benefit of upgrading that anchor when it is moved.
Third, about the second higher midway anchor. That seems to be unnecessary based on what Jim mentioned. I wouldn't mind it going. Put the anchors at the top so that a long TR can be rigged.
Last, whatever bolts go in, I would ask that a really good job of camouflaging is done and that the anchor be made durable (i.e. replaceable lower offs, or chain. The metal should match: hanger color to stone color, paint the heads of the bolts and chain.
Oh and get more folks to weigh hopefully. Looks like it is making the rounds on FB.