I always liked this episode. I will occasionally catch a rerun of The Monkees on Antenna TV on the weekends, but it's been a long time since I've watched the episodes back to back.
Sometimes I forget the importance of the TV show to the overall Monkees legacy since what always attracted me to The Monkees, first and foremost, was the music. However, when Davy passed away, Time magazine noted the impact and legacy of the group's television show, which I think sums things up nicely:
"...even if the show never meant to be more than entertainment and a hit-single generator, we shouldn’t sell The Monkees short. It was far better TV than it had to be; during an era of formulaic domestic sitcoms and wacky comedies, it was a stylistically ambitious show, with a distinctive visual style, absurdist sense of humor and unusual story structure. Whatever Jones and The Monkees were meant to be, they became creative artists in their own right, and Jones’ chipper Brit-pop presence was a big reason they were able to produce work that was commercial, wholesome and yet impressively weird."