I kind of use the Insomniac adaptation as kind of a template over what to do to "reboot" Peter. Peter would be a recent college graduate and currently enrolled in grad school, serving as an intern for Doctor Connors.
With Miles, the genie is kind of out of the bottle at this point so he'd be from the same universe. In this reboot I'd actually retweak it that Jeff is retired from the military and Aaron was actually buddies with Hobie Brown and they created the Prowler identity together.