I did not get to play this for the first time until recently and after years agonizing over not owning a Nintendo console since the Wii, I finally got to give this a try and to be honest I was quite disappointed. The first game is my favourite game ever made so I may be biased. There is honestly not a lot here that I would say I prefer over the original, hell I even prefer the original muted colour scheme as it gave Bayo 1 a defined colour palette and sold the idea of being in a heavenly place.
Playing on the highest difficulty was torturous, and the fact that you have absolutely zero penalty for using items tells me they knew this would be the case. This is thanks to a lot of small gameplay problems that add up to make a significantly worse experience than the original.
At the end of the day though, this still a great time and I would still absolutely recommend, if only because they -mostly- manage to carry over what makes Bayo so unique and special, even if it's been sanded down a bit. Please play the first beforehand, though.