- Textual basis
- Translation philosophy
- Church ownership of the version, both translation and copyright.
His last point, which is his most important, is that The KJV is product of the church and is owned by the church, or rather in the public domain. Modern versions are products of academia and corporations, and the corporations may be secular using the profits for themselves. I don't see this as a complaint against corporations or profits, rather secular groups profiting from God's word. He would rather church groups feeding any profit back into church work.
Wilson would happily use a more modern version that met these requirements, and he suggests that he would prefer it.
I think there are options that would solve reason 3, but not necessarily all 3 reasons.
Firstly I am not certain that KJV gets around issue 3. Much of KJV came from Tyndale, but the translators were probably the academics of the day. I fail to see how many of the KJV translators differ from modern academics who produce Bible versions. Many of the modern academics are Christians who are committed to the church. And translation committees often use a variety of translators to minimise potential sectarian bias. The chosen translation philosophy of a particular version is likely to lead to greater differences than the fact that translators are tied to academia. As to ownership, I understand that the initial publishers had copyright in perpetuity after the KJV was produced, though this is irrelevant outside the United Kingdom now and probably of little consequence within. The KJV mainly gets around the ownership issue now by virtue of being in the public domain. I am not certain how the KJV profits were used prior to this, but modern versions do use money to offset Bible costs in the developing world.
The biggest problem facing Wilson is finding a modern version prioritising the received text. Most that do will probably be variants of the KJV. Modern versions of the KJV include: KJV 20th Twentieth Century, New KJV, Modern KJV, American KJV, KJV 2000, Updated KJV, New Cambridge Paragraph Bible, Authorized Version Update. Many of these are copyrighted and produced by a single editor.
So it would seem that Wilson's only real option is to arrange for the production of a modern version of the KJV either copyrighted by the church, or released into tho public domain.
I do wonder if the World English Bible (WEB) is a consideration? It is public domain. It follows formal equivalence. The WEB is a modified American Standard Version (ASV) which uses an eclectic text; but the WEB is also based on the majority text which has significant similarities to the received text of the KJV.