The issue I have with the cover in general is that it says "THIS IS FOR PREDATOR FANS AND NOT FOR THE GENERAL VIEWING PUBLIC". Believe it or not, not everyone knows what a Predator looks like. There's room for the reveal.
And that's a major part of the film as it leads up to the finale. Especially as the creature gets revealed slowly, and you only see it properly shortly before everything goes to hell and Dutch is the only one left. Then the bigger reveal happens -- the removal of the mask.
That cover really violates all that. Sure, it's cool from the perspective of someone familiar with it all, but I think it's an awful decision from a narrative perspective. The masked one is a fair bit better, but a better cover would just be Arnie, partially covered in darkness, with the three-dot laser painted on him.