The copy I saw was only 43 minutes, so I can't speak for a fuller version, but even so this had the framework of Pumping Iron to follow, and it was just plain shoddy.
Poorly shot, poorly edited, badly produced, no information, not even a timeline or basic explanation of events, let alone letting the viewer know where it was shot (Sydney) and the behind-the-scenes drama that Pumping Iron captured so well, this cut is a perfect example of how not to present footage.
A crass attempt to cash in on Arnie and bodybuilding followers, probably with the intent of "they'll buy anything" and doesn't it show.
What a waste of an incredible event in history.
I'm glad Paul Hogan shoved an ice cream down your speedos Paul Graham, you deserve a belt in what is probably a very small target.