I think it would be much better without the Station Inspector edited out
Really, every scene with Sacha Baron Cohen was jarring and incongruent with the texture of the rest of the film. It was bearable to a point, but forcing in a climax scene with him chasing Hugo around the station yet again, only to be told by George that "he belongs to me" was really awkward. It just didn't fit with the highly emotional scenes that went before and after.
I would love to see an edit with all the station inspector scenes taken out. I think it would make for a far more efficient, engaging story that is more tonally even.