Interesting! I see what you did there...
I play it like the OP, which is I think how Norman plays it -- by progressing down the neck.
But, from looking at the first line of your tab, playing the G and G# on the A string, I can see how the whole verse could be played in pretty much the same hand position, with finger 1 not moving below the 8th fret (except for the little chromatic run on the A string that goes 6-7-8).
It's faster... but I don't see why on your second line of tab, you play the G# on the D string fret 6, instead of playing it on the A string fret 11 (like you did in the first line)... all the notes on fret 6 will move over a string to fret 11...
Thanks for posting it up though -- it's food for thought. π