This one was from 1942 - after the rights were taken over by Universal. The look, atmosphere, pace were fine but they made poor Nigel Bruce into a blubbering idiot, presumably to add 'comic relief.' Big mistake. Having Watson act as a true collaborator worked wonderfully. Oh...those Americans.
Still, BR is the best Sherlock ever...he carries the film nicely. A decent, nice-looking entry in the series.