Looking through the comparison pictures of the Viewfinder frames and Bluray frames (found here: Toy Story View-Master Comparison) a couple stood out to me as being very different in a bad way. The frame of Woody peering over Andy’s bed with Buzz’s legs in the foreground looks very vivid and heroic in the Viewfinder frame, yet milky and warm on the Bluray.
The most shocking of the comparisons is the frame of Woody shining the flashlight upon the Baby-doll-spider in Sid’s room. The Viewfinder frame reminds me instantly of how terrifying I remember that scene being as a kid. It presents the horrific monster of Sid’s creation with stark contrast, the room being dark and the flashlight almost overblown. Imagine what this would look like in a dark theater.
However in the Bluray frame, the contrast is lost to an almost completely illuminated background with the flashlight not doing much to call attention to the Toy we can already see.
I’ve ColorMatched the Bluray to the Viewfinder and added grain to match the feeling that the Viewfinder creates.