I don't think you could ever get anything quite as gorgeously stupid-awesome as the TNG edits out of this material, but there's obviously some potential there.
Having heard that Megatron loves pretty things, Optimus Prime decided to destroy his morale. Thus was launched Operation: Blow Up All the Prettiest Things Ever.
Later it turned out this was a clever Decepitcon trick, and Megatron actually HATED pretty things, because he is evil. Thus Optimus launched Operation: Apologize to Everyone.
beardy truth: the autobots found a colony planet settled by pacifist refugees from the war. The orange guy with Ultra Magnus is one of them. The Decepticons show up, bullshit ensues, and the Autobots *BLOW UP THE ENTIRE PLANET* rather than let the Decepticons have access to its resources/enslave the population.
So yeah, it totally is some kind of space plastic fantasy robots commentary on American foreign policy circa 1985.