I saw an actual original 35mm print a few years ago projected - not deteriorated and official. Your mostly correct but within the Matrix there's also an element

I saw an actual original 35mm print a few years ago projected - not deteriorated and official. Your mostly correct but within the Matrix there's also an element of a "bleach bypass" kind of look that ends up actually blowing some of the highlights slightly in the brighter scenes such as with the helicopter. I would guess a chemical process using some type of transfer film from the original negative. Blew away all the other versions IMHO