"Ah yes.. Metal Man... This movie is... MWA perfect..."
IMDB description: Kyle Finn has the ultimate combat machine, a metal suit with superhuman powers, and he uses it to defend the good and fight evil. That "evil" comes in the form of Reed, his ninja henchmen, and the Mecha Terror robot: Has the Metal Man finally met his match?
Fungus the bogeyman was first published in 1977. Created by Raymond Briggs.