It's so odd to hear this without the bits from the TV show! And does anyone else think that this song definitely should have made the track list of the debut album?
This long sought after TV version of "All The King's Horses" is, by the way, featured on the upcoming super deluxe edition of The Monkees, courtesy of Rhino Handmade.
While we are on the subject, here's a history of the various mixes of "All The King's Horses," courtesy of the great Monkees Mixography website.
Don't forget that Michael demoed this song in 1965 (before The Monkees):