The stately feel in "Sleepytime" may have fit the solar system motif and provided contrast to the earthy elements of the story.
I liked "Sleepytime" in part from the expression of letting go while being faithful. Bingo's letting her rabbit go did not mean a complete separation but an expansion (as a few additional rabbits came to help later) similar to a parent allowing a child to grow up and leave while affirming that the child is loved.
Bluey also has some similarity to Calvin and Hobbes in that some fantastic elements are not explained. E.g., in "Sleepytime", do Bluey and Bingo have a psychic connection such that they shared part of the dream or is there imagination/unreliable narration or some third option?