Starting Over?

I put the finishing touches on my second book in my Regency series with a few questions in my own mind, which were confirmed by my agent. I didn't like the fact I had painted my hero as an alcoholic, even though I've had a lot of experience with such men and seen more than one give up the bottle when a good woman enters the picture.

I also didn't like that I made him a fugitive from justice, and had to stay in England against his wishes. That was too much the same plot point as I had in the first book in this series. To say I finished it while in the midst of chaos is an understatement. So when my agent bounced it back to me with the request for a total rewrite, I didn't object, but didn't know which way to turn.

Should I rewrite it, pulling out the problematic parts and put the puzzle pieces back together, knowing they won't all fit? Or should I toss out all those words which I pounded out over several chaotic months, rethink the whole idea and start over? Should I go back to square one and think about the seven basic plot points?

Number One. The Back Story haunts the central character.
Number Two. The Catalyst gets the character moving. It’s part of the story’s setup.
Number Three. The Big Event changes the character’s life.  
Number Four. The Midpoint is the point of no return or a moment of deep motivation.
Number Five. The Crisis is the low point, or an event that forces the key decision that leads to your story’s end.
Number Six. The Climax or Showdown is the final face-off between your central character and the opposition.
Number Seven. The Realization occurs when your character and/or the audience sees that the character has changed or has realized something.

Right now, the only thing I like about this book is the blue and green tartan my hero proudly wears.

I'll let you know which way I go with this. But regardless of which way the wind blows, it will blow a blue and green tartan plaid.