Hey Lincoln,
We have been talking about that very thing, prior knowledge in consecutive loops so you don't need to redo much of the things you have already been through (Depending on your experiences in previous loops). We have been discussing this quite at length the past 24 hours and it's good to see that others outside of the team think it's needed.
As you say it would make it more forgiving and make the loop feel more like a loop and less like you are triggering a game over.
Thank you for the feedback, it is greatly appreciated.