The Great Peace Scripture Digest (Taiping jing chao 太平經鈔) is still widely confused with the Great Peace Scripture (Taiping jing 太平經) proper, which follows it in the Ming-era Taoist Canon. This paper constitutes the first full analysis and reassessment of the Great Peace Scripture Digest. It reviews the textual morphology of its various editions, discusses current hypotheses concerning its date and authorship, and investigates its literary structure and form, pointing to clusters of prosodic patterns. Shedding light on coexisting strata of diachronic origin, it shows that the received text should not be considered the product of an inconstant compiler, but rather as the conflation of distinct shortened renditions of the Great Peace Scripture perhaps dating to the Tang and pre- or early Song eras. A full linear analysis of the text, including a concordance, completes the study.