Originally released in 1987 as "Star Quest: Beyond The Rising Moon", this movie is a minor indie triumph with ambitious and charming old school, "Space:1999"-style model work and effects supporting stiff performances, pedestrian direction, and a derivative, predictable screenplay. That version is currently available on Youtube.
The "Outerworld" version now on Netflix and other sources is an appalling attempt to update and revise the film a la George Lucas's tweaks to the original STAR WARS trilogy and is about a thousand times less successful (and Lucas attempts were abject failures). No attempt has been made to mesh the original effects with the tacky and immediately-dated 2005 CGI and the film source appears to come from a very dated, late 1980s master. At the very least, a new film scan should have been struck and the original, unadulterated version made available to exist along side this "special edition" abortion but that is not the case. Ugh.