I think it works. I took it as a given, the subtext of the franchise is about our ability to engineer our own end in the pursuit of elite dominance. among the humans, this manifests as capitalism, the company, the bio-weapons programs, and licensing/intellectual property. the engineered/deployed xenomorphs would explicitly qualify as a biological WMD in today's terms. among the engineers, it's more vague because their society is opaque and quasi religious to the audience... but seems stratified. my analysis gets murky with their role, because we only have a few silent scenes with them in groups, and a few with individuals seemingly reacting in situations with different motivations. and it might be pointless to try and reconcile the earlier franchise to the later works made 40 years later.
and ultimately, they engineer their own end, not just from the xenomorphs, but the humans and the human engineered David.
it's kind of grim, the broader idea that intelligent societies strive intellectually to manifest the means of our destruction.