Slightly better than Mystics in Bali -that is it's a little more ambitious and a little more comfortable with its genre trappings (a combination of the krasue/penanggalan myth with wu xia). Would probably be a 4 if not for all the recycled music.
Although long reported as an HK film, WITCH WITH FLYING HEAD is actually a Taiwanese production. Either way, it's an incredible movie. A subtitled copy has recently been uncovered, hopefully I'll have a copy soon!