I really like the new simplified hud, but I feel like some convenience has been lost. I think that FLUDD's water gauge should be near mario. Given that it's most important to read precisely during platforming sections, it would be easier to not have to dart my eyes across the screen to check just how much water I have left in the middle of a tight jump.
Best wishes on the project, really been loving it so far as someone who grew up with the original!