Slade: I think that you're being a little over analytical about it. I don't think that it can stand up to too much scrutiny as it revolves around the plot. This isn't a knock on M.R., just that that's not its main aim in life. JFK, OTOH...
BTW, I think that M.R. got Oscar noms because it's a reward for Luhrmann. I doubt that the film made back the neg costs even, but if it's nominated there's chances that Luhrmann will be able to keep making movies. In effect, it's a poke in the eye by the Academy members to corporate Hollywood that forever rewards pap.