I didn't post the top frame, that came from a Derann 8mm print.

What do you mean about the blue "draining out", Frank? In what transfer?

Even though the colors of the film source used for the old transfers may have been fairly accurate to the original theatrical timing, the analog NTSC color space cannot accurately reproduce the colors on the film. In fact, as Mike Verta told me, modern digital video can't do it either - though sRGB comes closer than NTSC. The British and other supporters of PAL had a point when they said that NTSC stands for "Never Twice the Same Colour."

The screenshots I adjusted came from a PAL video. I think that captures of the 80s PAL laserdiscs may be more helpful than the NTSC ones.