Bandai's 1/100 scale Hi-Metal VF-1S Roy Focker. This is from the Macross film Do You Remember Love?
This is a great toy. Like the VF-1J, this is made out of quality plastic and has some diecast (feet, swing bar) but it comes with strike parts. It also comes with extra sets of hands, stand parts, landing gear, extra set of wings for the missiles it comes with, and a removable heat shield.
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This is a parts former, but unlike the Messiahs, this is mostly a perfect transformation. You just have to swap out the wings, heat shield, landing gear and hands.
Fighter mode:
Fighter mode looks great, both with and without strike parts. It isn't as tight as the Yamato 1/60's, but it's still pretty cool.
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Some comparison pics with the 1/60 Yamato, which I still consider as the definitive Valkyrie. As you can see, it's very close in design and look to the 1/60. The articulation is very comparable too. The detail isn't quite as perfect as the 1/60. For example, there are no extra stickers or decals to make it exactly like the anime. Also, the skull logo on the heat shield is too high, but I'm just nitpicking here.
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Close up of the head sculpt and cockpit (Hi-metal on left, Yamato 1/60 on the right). The Hi-Metal's pilot is not removable, and the canopy doesn't open; more like comes off since you need to replace it with the heat shield for transformation. Overall, the Yamato looks more sleek to me, but the Hi-Metal still looks fantastic.
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Final thoughts: Overall, just a great little toy. It still has the problem that the VF-1J had with regards to the feet, where it seems loose and over-articulated. However, if you can't afford the 1/60's, then this is your next best choice. It's sold out or on backorder at most online stores, but you can pick this up at amiami for 26% off, which comes in around $56. It's expensive for the size, but it is awesome. Highly recommended if you don't mind a bit of parts swapping.