I remember that when I first watched it, I thought it was really a mixed bag, and it was one of my least favorites. But I also remember absolutely loving getting the flashbacks of Mick's turning, and loving many of the scenes with Mick and Beth (and the ending, of course).
On the re-watch, I really enjoyed Beth's reaction to Mick's revelations in the first scene, especially how quickly her fear turned to avid curiosity. (And I still wonder if she set up the meeting, if he did, or if she just dropped by. He certainly seemed to be expecting her....) The flashbacks were a little disappointing to me this time, I think because there actually isn't much there. They were a revelation the first time, but this time, I just wanted more information about Mick's early days as a vampire.
Mick's line we're extremely careful leaped out at me this time, and struck me as funny. First because Mick's been doing the same job, in the same city, using the same name, for decades. Second because of Josef's zillions of freshies. And third because of all the confidential stuff in this episode that took place in .... public hallways. The turning conversation in the busy morgue hallway, the staked vamp on the uncovered gurney in the hospital corridor, and Mick's final conversation with Beth in her hallway.
I wasn't particularly interested in the Dr. Pollock story, then or now. Which is odd, because it seems like the doctor's story ought to be a compelling one. For me, though, it fell flat. Maybe it's because we never got to know him, or his wife, before he was turned. I wonder if it would have worked better if we'd gotten to know them first.
The scene in the alley ... I didn't like it much the first time because it was so gory. This time, I was also disturbed by the casual "accidents happen" attitude of everyone present. I suppose they were trying to make the point that except for Mick, vampires are vampires, without morals or scruples, but Mick was awfully casual about it too. Now that I've seen LLF, this seemed really strange to me. If he felt so much guilt about the bad things he'd done after he'd been turned, wouldn't a sight like this be just a little upsetting to him? But he treated it as vampire business as usual, and it bugged me that the whole scene was pretty much treated as a joke. Hm. The first time I watched this I thought Stupid and Sloppy had been hunting, but this time, it sounded more like they'd lost control with a freshie. Which seems even worse, somehow.
Speaking of Stupid and Sloppy, I noticed this time what an awful introduction to the vampire world these characters were! Stupid, Sloppy, and Gerald were not exactly vampdom's finest. And though I quite liked the idea of a vampire who was also a rocket scientist, in practice Gerald was a dreadful caricature of a scientist. (Actually, even the humans were pretty callous in this ep. Like the doctors Pollock met in the hospital corridor.)
Another thing that didn't strike me the first time, but did this time, was the talk about vampire rules. When Mick said We have rules, all I could think was, You do? (All I could come up with was, sires shouldn't abandon fledglings, and if you kill someone, you should dispose of the body discreetly.) But then I started wondering about that, especially about the rules for sires. Is there a certain way fledglings are supposed to be raised? Did Coraline really do it properly, since Mick ended up with horrible memories and raging guilt? When you come down to it, what's the big difference between bringing your fledgling someone to kill, versus letting him go off to hunt in the streets? Should Coraline have been visited by the New-Turn Protective Services?
Well, I've been going on about the negative stuff, but there are lots and lots of truly awesome things in this episode too. Pretty much every scene with Mick and Beth was delightful. There was lots of fun between them, too, especially in the middle of the episode, which helped alleviate the rather grim nature of the ep. I loved Mick's joke about being able to fly (and that whole scene in the car), and Beth's comment about how well staying in the car had worked last time. Beth pulling the stake, and her compassion afterward, was wonderful. (But hey, Beth thought that stakes would kill vampires! Apparently she hasn't been reading the same books as Lee Jay.)
And the ending! As usual, absolutely and totally beautiful, starting with Josef's story about the two monks. Josef's telling of it, and Mick's reaction, were so compelling, and having it be about Coraline made it new. Then the first notes of the Fauxliage song fit so perfectly with the fades to Beth and Josh in bed, overlaid with Mick in his freezer and Mick's poignant voice-over. And then at last that utterly golden scene in Beth's hallway, with Mick opening up and truly putting his trust in Beth....

Scorecard so far:
Mick saves Beth-- I
Beth saves Mick-- II