  We remeasure the ``light echo'' times to the near and far side of the ring
around SN 1987A using the method of Gould (1995) and the new reductions of the
original UV spectra by Sonneborn et al. (1996). Under the assumption that the
ring is circular, we obtain an upper limit to the distance to the Large
Magellanic Cloud \mu_lmc < 18.37 +/- 0.04. This result is very close to Gould's
original value, and contradicts claims that the new spectra measurements lead
to a significant increase in the distance estimate and a substantial increase
in the statistical errors. We present new evidence (partly provided by A.P.S.
Crotts) that the ring is intrinsically elliptical, with axis ratio b/a ~ 0.95.
For an elliptical ring, \mu_lmc < 18.44 +/- 0.05. We elaborate on Gould's
original argument that the upper limit is robust, i.e., that it is only weakly
sensitive to unmodeled aspects of the ring such as its hydrodynamic properties
and ionization history.
