This story is so wonderful. Unlike TOC, I really enjoy episode re-writes, so that is a plus for me. And this one is particularly well done.
Lois seems perfectly in character - the Lois from this episode was a bit softer than the rest of the first season, I thought, and you've reflected her quite well here.
I also love how Lex gets angry at her for not calling him back - that is so Lex!
I can't wait to see how Deter reacts to Lois when he doesn't have as much easy access to play with her mind, although the idea of him having access to Clark's memories and potentially getting even a hint of the fact that Clark is Superman gives me the chills.