I re-assembled the shape and modified it according to my size. The lace pattern was modified for knitting on my knitting machine. With its small repeat, it is also suitable for punchcard machines.
My gauge is slightly tighter than the original because I’m using a finer yarn. Stitch and row calculations were adjusted.

9/27/2012: I can hardly believe how easy this is!
It’s the perfect project for single bed machine knitting, no ribber needed. The lace pattern could even be done on an old push-button machine.
I worked with two balls of yarn, changing them every two rows, so slight colour changes would not be too obvious. This proved particularly helpful in the hood, I was able to knit the two halves of the upper hood without needing to attach a new thread. It should be possible to omit the short-rows at the hood altogether if that’s too fussy.

First of all, I intended to work the neckband by hand. But just before I started to pick up 300 or so stitches, it occurred to me that it should be possible to work the band in two halves with a short seam at the top of the hood. This I did, and the seam (half a stitch from each side) is barely discernible.

By the way, in machine knitting there’s no need to decrease stitches for the lace part. Just go down with the tension setting (I went from T9 for stocking stitch to T8 for lace). And the i-cords can and should be adjusted in the same way. I worked all i-cords with T7, and it worked out perfectly. But don’t stretch the i-cords while working them!

Garment weighs about 400 grams. As I worked with two balls alternating throughout, there are two part skeins left.