Mark,
Following your lead, I looked deep into my heart and I finally accepted the truth I didn't want to confront. That Yvan Koenig was right. The only way to turn off Versions and revive Save-As on Lion is to stop using Lion. I have gone back to Snow Leopard. I am SO MUCH HAPPIER NOW! Far more than I realized.
There were so many little things in Lion that were annoying me that I had subconsciously forgotten about. Now they are gone, everything just works again, it is fast, logical, sane. No crazy iCloud trying to put everything I do on the cloud without asking me. No iPhotos photostream making double copies of everything I do. No insane mail system with its crazy "see more" button on every reply email, so I can't read what I said without pressing it. No crazy leather and torn pages in the Address Book and iCal. A sane normal intelligent operating system.
The only thing I personally didn't like was that the scrolling was the "normal" way, and I have become used to the "natural" way that the iPad and Lion does it. One little app called Scoll Reverser and that was fixed.
Here are some screen shots, to remind others of what life used to be like, and has become again.
Such a simple solution. Stick to all things Steve-Jobs Apple.
Thanks Yvan.
Steve.