The problem isn't the format. The problem is that the more advanced formats are contemporaneous with great directors who are still alive, but senile and blind. DVD and even Laserdisc were contemporaneous with the time before those directors lost their minds. This is why the very standard def Laserdisc of Star Wars is such a hot collectible.

Cases where a still-living director mucked up a Blu-Ray release of a classic film are fairly rare occurrences, though. There are a handful of examples that get discussed time and time again. But most cinephiles are happy that Agnes Varda, for example, lived long enough to oversee the HD transfers of her body of work. And often when color-grading on new releases gets criticized by random people on social media, actual familiarity with the theatrical prints shows that the new transfer is in fact faithful – the new 4K release of Kieślowski’s Trois couleurs (where the director died but the process was overseen by crew) is one example.