Good points out of the way, this is GODZILLA. Yes, the Hollywood versions have better special effects and overall better portrayal of Godzilla's scale, but this Godzilla is very powerful to the point of being a true walking WMD - I think this version's atomic breath is the most powerful of the Godzillas I've seen, being a true city-busting terror that pretty much decimated a good chunk of Tokyo in this film. Also, Operation Yashiori (the final operation to stop Godzilla) was nice to see as a collaborative US/Japan effort, and in fact it was nice to both US and JSDF, despite being overall ineffective at stopping Godzilla at least be able to slow him down and even deal damage with (relatively) minor losses.
I did actually find it amusing that they tried to paint the US as being rather trigger happy regarding nuclear weapons, then Yaguchi (our main character in this movie as it is) mentions that the US would do the same if it Godzilla was in New York. Then I remembered the Avengers movie, and the 2014 Godzilla film, and in fact yes Americans would in fact go for the nuclear option to get rid of threats as far as the filmmakers are concerned.
Unfortunately, for all the good Godzilla parts, most of the film is spend in meeting rooms, boardrooms, and talking heads trying to explain the situation in such a fast-paced manner that there's really no time to let any emotions sink in. It doesn't help that the catastrophe doesn't really feel as impactful or a visceral as you'd expect total destruction on that scale would be like (this is one thing Roland Emmerich nails with many of his films). Even the original Godzilla from way back had more emotion than this, despite the fact that the choreography and direction for this film harkens back to those particular times, but not in a good way.
It's got lots more Godzilla in a much better portrayal of essence than the recent 2014 Hollywood film, and thus it works as a film
about Godzilla. As a standalone movie though, I really can't recommend it outside of watching that epic Atomic Breath on youtube.