No waaaaaaaaaaaaaaaaaaaaaaaay should it be reanimated.
It is fine the way it is bad animation and all, and besides if you like the show you should be able to look past the poor animation for what is important... The story. Now macross has a really cool story so if it were reanimated it would be uber cool, but when I watch the series I can't help but think wow those special effects were probably pretty cool back in the day. It's like watching an anime time capsule, this is where some of the greats got their start, and I think reanimating it would be a little like changing history.
Or maybe I'm taking this entirely too seriously