So that's the first draft at approx 705 words per printed page. Had the words per page remained the same you'd have gone up only five pages with an extra 4k words. ... So something about the layout has changed. Add chapter breaks to the list of things that can alter the page count.
Still, your point was that this editing pass was expected to cut the length and it hasn't done that. .... So the question becomes: do you try again? Or does that risk adding another 40 pages?
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