I tried to compensate for much of that and created a version that fits much more to the beat of the music, retains some of the rhyme scheme, but also, most importantly I think, uses current Aryan terms. This is not the 1930s after all; Aryanism is in a new era.
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With Flag up High
With Flag up high our ranks are firmly led,
S.A. Troops march with bold and solid steps.
Comrades whom the Red Front and reaction'ries shot dead
Now march in Spirit within our Aryan ranks.
The streets are clear for all the brown battalions,
The streets are clear for all the Storm Troopers,
Full of hope they look up to the Swastika in millions,
The day for freedom and Folkdom now dawns.
For one last time the rally will now be called,
For our Noble Kampf we all stand ever ready.
Soon Aryan banners will fly over all the city halls,
Slavery's binds are at their last dying grasp.
With Flag up high our ranks are firmly led,
S.A. Troops march with bold and solid steps.
Comrades whom the Red Front and reaction'ries shot dead
Now march in Spirit within our Aryan ranks.
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Best recited or sung when listening to an instrumental version of the anthem which the reader can find HERE. There is a little intro to this rendition and the lyrics should enter at 0:17.

NOTE: This version of lyrics was edited on 9-17-2010. The new construction of the title/first line seems to make more sense in English this way.