OK in the summer of 1987 i when to the movies with my summercamp and watch this movie, but now i can not remember its name.
Here is what i remember about it(some variation is expected from actual film)
In this movie the planet its taking place on is inhabited by humans on one side and monsters on the other. the monsters are constantly attacking. they capture humans and take them back to their side of the planet where the are brainwashed to join the badguys by a woman with eyes in the palm of her hands. A young man (a police like person, i think) goes to a scientist friend (after the woman he loves is captured, i think) and gives him self to be transformed into a cyborg the this is done on a table with a only the friend there. the resulting cyborg form is a red and black leather covered robotic man that can shift back to his human form at will. he then proceeds to infiltrate the enemy. at one point he is thrown or pushed into a hole (in human form) and then transforms and grabs the wall the jumps out.
OK this is the best i can do right now.
I'm pretty sure it was 87 be cause there was a life size cardboard ad for revenge of the nerds 2 in the lobby.