Went with the chalk here, I think the Oscars got these right.
Ordinary People is not an easy movie to watch, but it's very well done and just an excellent film. I love everything Kubrik and I loved the Shining, but Ordinary People was better. I also loved ESB and Raging Bull, but again, think Ordinary People is better. Raging Bull is kind of a Deniro tour de force, and Empire is great, but let's face it, it touches a more sci-fi/fantasy audience (which I am a proud member) so the odds were stacked against it.
Chariots of Fire to me is simply awesome. I think Lawrence of Arabia is the most perfect film pretty much ever, but Chariots is on the short list behind it. It's great story telling, with great sets and an awesome score. It has great performances and I really don't see any reason for it not to be voted best picture. I can see the argument for Raiders, sure. It's a fun ride, but to me it's a distant second. Great movie, I can watch either any time.