My setup is a 28inch widescreen Panasonic (TX-W28R4), its nothing fancy, it hasn't even got a 100htz display, but it gives a good picture for both PAL and NTSC. Audio is through Yamaha DSP-A5 5.1 amp and a nice set of Mission speakers.
The shot of Ben's hut appears on the LD as a field-bobbed freeze frame
That's exactly what I thought I was looking at.I didn't even notice the two changes in colour saturation you mentioned till I went back looking for them. Maybe upping the colour on my tv made it less noticeable.
With further regard to the look of the DVD, I think the brightness and contrast are great, and I didn't notice any undue clipping with objects becoming overbright. With saturation, its a bit more subjective. For a long time I favoured the Dr Gonzo release, which is probably the most colourful version out there - outside of George Lucas' seemingly recolourised 2004 not-so-Special Edition DVD's - so by comparisons yours looks more muted. I usually have the colour setting of my tv set in the middle, but yours is one of those rare dvd's that made me want to turn it up.
As for the red-bias comment, I first noticed things looking redder than expected when testing the initial download on my PC. Watching it on my tv the redness iss less noticeable. However, I'm not convinced there's anything wrong with your transfer. I've made some screengrab comparisons, and while your version looks slighty redder, compared to the slightly cooler NTSC versions, I think the main difference may lie with the source material. Where I notice the biggest difference, that may have lulled me into thinking the whole transfer was red-biased, were the shots on Tatooine. NTSC versions depict Tatooine with blue skies and yellow sand, where as the Tatooine in your transfer looks more grey/overcast with more rust coloured sands. Tatooine shots aside, for the bulk of the movie, the differences in colour between versions are probably negligible.
Just to qualify what I'm saying, here's some screengrabs* comparing Moth3r, Dr Gonzo, and EditDroid versions.
Found R2
Selling The Droids
Droids Control Room
Falcon Yavin
Yavin Temple Exterior
Medals
*Grabbed at 'original video source size' with PowerDVD and resized to correct aspect ratio in photoshop (black bars cropped for space). Each file is around 170KB, jpg compression at 55%