There is a work around. Open the edge.js file and replace the version number in line 18 t0 20
However note that vesion 4.01 corrects lots of issues especially with Chrome.
I appreciate your help.
Adobe's could do better to work toward some method of being backwards-compatible.
Composition created withe Edge 2014.1 is not backward compatible with Edge 2014.0. More info
Changing the minimumCompatibleVersion will have undesirable side effects.
For sharing with others you can create the composition in 2014.0 itself.
FYI: You can install both Edge 2014.0 and Edge 2014.1 side by side on the same machine.
Will this lead to a situation where we'll need to have several versions of Edge Animate for projects created in each version of the software? This seems like an awful headache in the making...