Because it's been my favorite album for almost 44 years, I wound up playing the whole thing with headphones. I'm curious what you hear in the second half of SOYCD beginning around 11:25 on the Immersion version. I hear some pretty blatant noise or distortion, particularly in the left channel. it doesn't sound artistically motivated to me, just like overmodulation or something. Yes, I'm making a completely different allegation from the one I started with.
Just listened to the time marks you noted with my SACD version in both stereo and surround going direct through my Oppo 205 and both my B&W headphones and Martin Logan speakers and didn't hear anything unusual, except maybe on the second SOYCD at the 11:25 mark a synthesizer keyboard starts in. But sounded fine to me also. If your hearing this in the left channel (stereo or surround?) could it be a problem with a particular speaker, and have you heard this same thing with other systems also?
Now, if you have The Low Spark of High Heeled Boys, maybe check for that drum distortion for me, so I can tell if I've also been crazy all these years. I'll write down the exact time marks for those spots soon; because I would appreciate another opinion on this.