Unlike the remake, the original TTfAW is a sci-fi that keeps its horror mostly hidden, for both financial and creative reasons (it looked stupid up close). As such, it's very talky. While some of the dialogue is good, I find it difficult to accept the men as anything more than written stock types; the women even less so. Still, I acknowledge that by 1950's standards it's better than average.
It's credited to Christian Nyby (Dir), but may or may not have been directed by Hawks; I believe at least a part of it was.
When it comes to FX it's more clear cut: it has one absolutely amazing scene that's different but equal in power to what Carpenter later did.
PS. A colourised version exists, if you like that kind of 'thing'. I don't, so I've not watched it.