I keep thinking there ought to be good games for this genre of transformable fighter jets, but there just isn't any.
I think a lot of it has to do with the fact that Harmony Gold and Studio Nue have issues with each other. Macross is not in the USA because of silly licensing lawsuits.
At this point I would be happy with a side scroller platformer game with flying similar to the old Amiga game Wings of Fury. At least you would think people would make a rip-off game.
The only game that has come out recently that might have been in this genre was Strike Suit Zero, but they limited how often you can use the transform ability, turning it into a super power mode.
I do have a VF-1S super mod for ARMA-2, but it is just a fancy way of doing vertical takeoffs, hovers, and landings. You don't get to run around as a giant mech.