Yes, that is a phenomenal edit. The shading on the torso is ace, as is the arm. Also corrects the anatomical flaws, far as I can tell.
As to the piece as a whole, I'd alter the pants a bit, make them not so... skin tight. Not that there's a problem with skin tight pants, it's just that if they were even a tiny bit baggier (say around the crotch/ankles, for example) the resulting folds'd make the lower body more eye catching.
Good stuff, keep at it.