I haven't tried the game yet, but a couple of issues seem to have cropped up in FRED2_open. It performs an illegal operation error and exits the editor whenever I delete a ship. This also occurs when I try to load one of my missions that opens fine with the standard 3.53, so there might be a conflict with one of the sexps as well.
Also, there seem to be some problems with the showing of ship model outlines in the editor; they don't show up at all in some missions (there is the ship name but no model, not even the generic circle thing to mark the ship's position). In one mission, there is a black waypoint-like object next to the player ship that cannot be selected but shows up as highlighted when the player ship is clicked instead.

Not sure if all this has anything to do with the hitpoint function, but I thought I should probably point it out.
Let me see if the game itself works normally...