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I am glad you guys want to do a project with the Dutch Blu of The Neverending Story.
While I've seen a cam-rip excerpt of a Derann digest which suggests that the Warner transfer may not be as far from the original theatrical timing as everyone has assumed (e.g., the Ivory Tower scene does have a golden/dusk cast), they still went too far with the color pushing, contrast-boosting and black-crushing. The aforementioned Ivory Tower scene does have visible hues besides gold and amber in the Derann, which are completely graded out in the US BD.
I think it would be great to take the Dutch BD and adjust the color to something to match the Derann. At this point we only have that Vimeo clip to go off of, which looks a little dark and may look more "LPP yellow" than you'd see if you were actually in the room watching the projection. Maybe someday an actual print will surface somewhere...