Personally, I think Orwell's version is a lot easier to read. I read the Ecclesiastes verse several times and can't really get it: "time and chance happens to everyone"? Okay?

While phrases like "contemporary phenomena" and "tendency to be commensurate" are a bit over-the-top, summarily the picture is conveyed much more clearly imo: Luck plays a factor, no matter how good you are.

I don't see how "nor yet favor to men of skill" is more natural or clearer, at least to the modern reader.