Pretty awesome. I don't even feel like you need to do much, but if I'm forced to come up with some constructive criticism...:
There are some natural lulls in the songs you've chosen, and these are great places for natural sound to punch through, or dialog.
The second half, the action half, has some pretty awesome moments, but I found that when the footage is sped up too much, it loses some of its punch. The movement is already so fast and wild in Macross, when you speed it up, it begins to look light, or lacking in gravity (I know, null gravity in space, whatever, you know what I mean), or more like toys and less like robots and planes and warships.
The final comment would be that ultimately, you kind of tell the story of the conflict with the vajra here, but during the exciting second half, we see the NUNS and SMS battling with Vajra, then suddenly, the NUNS is battling against other NUNS forces. Visually, the pivotal moment isn't clear. Now, that might not be your intention, to do anything storywise, and that's fine. It's still an awesome video, but that did occur to me, from a storytelling point of view.