“In Dan’s original conception [sic] the alien race had three entirely different stages in its life-cycle. First, the egg, which is tended by third-stage adults and housed in a lower chamber of the breeding temple. When ready to hatch, the egg is placed in the middle of a sacrificial stone and a lower animal, the equivalent of an Alien cow, is then led to the stone. Sensing the warmth, the face-hugger springs out, attaches itself to the animal and deposits a fetus in the stomach. The face-hugger soon drops off and the fetus develops inside, eventually chewing its way out and killing its host. This creature, the chest-burster, is the Alien’s second stage, and it simply runs about eating, mindlessly carnivorous. At this stage the creature is still controlled and nurtured by adult Aliens, until the chest-burster begins losing appendages and becomes more and more harmless. Finally, its bloodlust gone, the Alien becomes a mild, intelligent creature, capable of art and architecture, which lives a full, scholarly life of 200 years.”
I like how the article quoted above (see Alien Origins - Alternate Xenomorph Mythos Revealed! here) summarizes Dan O'Bannon's original xenomorph plans really nice ali81.

I believe Dan O'Bannon would be thrilled with the prequels. Not just because I how I feel about the prequels (wonderful) but due to how the lower organisms are affected in both movies (Prometheus and Alien: Covenant) and they then quickly evolve into terror-inducing nightmares.
Dan O'Bannon may have really latched on to the scholarly life of the xenomorph and could have thought that the prequels are trash. David 8 took on a scholarly life that may have comforted O'Bannon though.