Disney and the other animation companies you mentioned produced cartoons as theatrical releases so their budgets were much higher. Astroboy was the first daily/weekly, made-for-TV anime series produced for Japan.
Think about made-for-tv animation producted in ths US at the time: The Alvin Show, Rocky and Bullwinkle, Tennessee Tuxedo, etc. They were good shows, but they didn't have the best animation produced due to their tight budgets. Astroboy still provided a lot of action and adventure for its relatively small budget.
The second half of the English-dubbed episodes of Astroboy shows noticeable improvement in animation over the early episodes (because Dr. Tezuka put the money he'd made on the series back into it).
The English dub itself is excellent, both in writing and in voice acting. Peter Fernandez of Speed Racer fame wrote a bulk of the episodes (with voice actors Billie Lou Watt and Ray Owens in particular penning the rest of the English scripts).
Adult Swim doesn't show series such as Astroboy and Gigantor because they are "garbage." They show them so that further generations can appreciate the earliest forms of anime before the Pokemon and Dragonball Z craze.
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