Option 1 — Change nothing
Currently, some states have their own currency (Chihuahua, Sinaloa, among others) and some don't (Coahuila, Guerrero, among others). I would argue that this inconsistency is not becoming of a respectable catalog
Option 2 — Add a unique currency for each state
There are 30 separate states from which factions issued paper money during the revolution. The revolutionary issues of each state weren't homogeneous, either. This note was issued by one faction, and this note by another, but they both share the same currency.
Private banks based in 26 different states issued paper money under concessions from the federal government as well, both before and during the revolution. The currency for these notes should clearly (in my opinion) be Mexican Peso (1863–1992).
I think adding a unique currency to each state isn't reflective of what was happening, and adding a multiple currencies to reflect the differing factions adds an unnecessary level of granularity.
Option 3 — Add Mexican Peso (1863–1992) to each state, remove local currencies
This is the simplest option. All private banks issuing currency did so with explicit permission for the federal government, and all revolutionary issues were issued due to a lack of hard Mexican currency so it could be argued that they were emergency issues of the standard peso.
Option 4 — Add Mexican Peso (1863–1992) and Revolutionary Pesos (1910–1916) to each state, remove local currencies
This allows us to distinguish between the private bank issues and the revolutionary issues. Having an umbrella currency for all revolutionary notes is similar to how notgeld are treated.
This is my preferred solution.
Thoughts?