I don't dislike the way Lake's voice sounded in his latter years either. However, I don't think such an album would have been possible. Johnny Cash was a prolific songwriter, as well as a prolific interpreter of songs written by others. Lake wasn't a prolific songwriter, and I never got the impression that he had much interest in doing his own interpretations of songs written by others. He seemed to enjoy time out of the limelight and not doing much of anything during his life post-ELP. Essentially, one could say he retired. Johnny Cash worked until his death (by his own choosing).
I also got the impression that Cash liked working, and so did his wife June Carter Cash. They were both active until their deaths, and June told Johnny to keep working.
I got the impression that Lake didn't want to work but had no choice due to financial issues. He seemed to come out of retirement at times when finances might have been an issue (tour that was supposed to happen in 2006, but touring company went bust and he moved to a small house) and in 2012 (possibly needed money due to health issues).
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