Who says I'm defending the bluray? I just see a lot of people bashing on it, and I'm just asking questions to try and figure out what the correct color timing should be.
The info you just posted is actually a great example of an argument I LIKE to hear, because its thought out and explains the process of making a film (Which I love to read about).
But about the negative, even if effects are cut in seperately. The negative stil isn't timed right? On top of that wouldn't generational loss cause a bit over overexposure? It's very obvious on star wars near the wipes sometimes.
Could be that they were keeping that in mind?
(edit: Unlikely though if thats not what it looks like on your super8 print)
Granted, in this case I agree it's most likely that the bluray took some liberties with these things. (I stil don't agree that as a whole the bluray is a bad release though)