First of all I love Galaxy Quest: It manages to be a clever Star Trek spoof, an affectionate send-up of fandom, and a satisfying science fiction adventure in it's own right (better than some of the Star Trek films it spoofs).
Secondly, I also saw this in the cinema during the original run, and I completely concur with what you are saying about clever use of aspect ratio. A few films have made good use of aspect ratio switching: Galaxy Quest, The Grand Budapest Hotel, Cold Fever, Oz the Great and Powerful, and JFK all leap to mind immediately, but there are some other great examples too.
Thank you for reading and commenting. :)