I’ll wade right into the argument: not better/worse but different.
For me this version was about the visual more than the acting although Depp and Del Toro proved much more than just adequate, they were great.
But here with Gilliam and Pecorini we get the whole glorious ‘trip’. The colours, wide angles, hyper realism and other effects used to portray the hallucinatory journey are what stand out here.
Bill Murray is my Hunter S Thompson, no effects needed. Last word.