It wasn't included because it was licensed by an entirely different company.
Castle of Cagliostro, the 1979 cinematic Lupin III movie, was licensed first by Streamline, then subsequently by Manga Video.
The films that were licensed by Funimation and which make up the First Haul and Final Haul sets comprise eight of the yearly TV specials (Lupin III made-for-TV movies that have been aired once a year in Japan from 1989 to the present-day) and the two cinematic movies from the 1990s. They were originally released separately, then bundled together into the thinpacks.
The Lupin III TV series (which is actually the first 100-or-so episodes of the 155-episode 1977-80 Shin Lupin III (or New Lupin III) TV series, the second Lupin III series to air in Japan) is licensed and dubbed by Geneon (nee Pioneer), an entirely different company, and the Lupin OAV The Fuma Conspiracy and 1985 cinematic film Legend of the Gold of Babylon were originally licensed by AnimEigo and have now been relicensed by Discotek.
The 1978 Lupin III movie, The Mystery of Mamo, was originally licensed by Streamline, then relicensed by Pioneer/Geneon and renamed The Secret of Mamo.
So as you can see, the Lupin franchise has been split up among a considerable number of licensees, so it's no surprise that Cagliostro was not included with Funimation's films. It's not been included with Disney's Miyazaki releases, either (though Manga has gone all out to camouflage its Special Edition package to look just like theirs!), but ironically Disney also owns the distribution rights to Cagliostro in its native Japan.
And there are a number of Lupin III projects—the first TV series, the third TV series, the Return of the Magician OAV, and the 8 TV specials that came before and after those licensed by Funimation—that have never been licensed for America, and may well never be considering how poorly Funi's versions of those titles have sold. And Castle of Cagliostro may be partly to blame—American viewers whose only exposure to the Lupin III franchise was Cagliostro were probably turned off by the far different Lupin of the TV movies.
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