Faster factor-three edit-distance algorithms
Determine whether the exponents 11/6 for unit-cost edit distance and 40/21 for arbitrary metric-weighted edit distance can be reduced, ideally toward the N^{8/5+o(1)} running times known for approximation factors just above three, and establish whether arbitrary metric weights require any additional polynomial overhead over unit costs.
References
Can the exponents $11/6$ and $40/21$ be reduced? A natural target is to approach the $N{8/5+o(1)}$ running times available for factors just above three, for both unit and arbitrary metric costs. It is also unclear whether arbitrary metrics must incur any additional polynomial overhead over the unit-cost case.
Does there exist an absolute constant $C$ such that $C$-approximation of edit distance can be achieved in $N{1+o(1)}$ time? Andoni--Nosatzki allow every fixed exponent $1+\delta$, but their approximation factor depends on $\delta$. For arbitrary metric weights, even an analogue of their fixed-$\delta$ tradeoff would be valuable.