I don't know what you mean by "reinterpretation", but if you mean Paul didn't write them, I'm more conservative than that. I believe he wrote both Ephesians and 1st Timothy, but I disagree with these commentators you cite.
Ephesians 5:21-6:9 isn't about teaching either equality or hierarchy. There was already a hierarchy in that society. Ephesians 5 no more endorses hierarchy in marriage than chapter 6 endorses human slavery. Those features were firmly embedded in the culture of that time, and Paul was making reference to the common "household codes" of Aristotle, which addressed 3 sets of relationships in the Greco-Roman family- husband and wife, parents and children, and masters and slaves, as Paul does here and in Colossians 3. Any Bible commentator who doesn't know that, or doesn't teach them in that light is missing the obvious cultural context behind the passage and isn't likely to give a valid interpretation.
Expecting Christ to return at any moment, it was not Paul's mission to fix Roman society, but to prepare the Body of Christ for Christ's return.
A critical difference between Ephesians and 1 Peter is that in Ephesians, Paul is talking about Christians relating pesonally to Christians, while Peter is talking about Christians relating personally to pagans.
Ephesians 6 changes everything for Christians who were in the master-slave relationship: It turns slaves from being the property of earthly masters to their responsibility as Christ's stewards. It changes all Christian-to-Christian relationships in the same way. If it means a wife is totally submissive to her husband, it also means Christ will hold the husband totally accountable for the physical and spiritual welfare of the wife.
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