I vote an emphatic YES!!! This is another movie I have been hoping would get a new release for along time now.

It stands to reason that the 2 elements that your planning to use have to be better that the mpeg2 release we are currently saddled with.

The project specs that you're proposing sound pretty good to me. Its too bad that I don't have the LD or required equipment or I would gladly provide the audio track for this. A collaborative effort between yourself and Team Blu should yield excellent results. Best of luck.

-VT