Its high Dmin was
meant to hold better highlight detail than existing transparency films when
translated to the output of offset presses, and it was never meant to look
its best for lightbox display, and certainly never when projected.
It can be projected, and looks good if you have a powerful enough lamp. The standard entry level 150 W is underpowered, 250 W works well, some Kodak carousel models have 300-350W lamps, and if you're really nuts you may go for a 500 W xenon lamp. Which will blow away your mind, you just won't believe those images.
cheers, caveman