No, it's worse.
Because if you subscribe to NJPW World, there's absolutely nothing on the AXS TV show that you can't see on NJPW World.
But with this format, if you watch every Honor Club show you're going to get about 80% of what's on the TV show. So you have to sift through that 80% just to get the remaining 20% that you didn't see.
They need to either make it 100% recycled content or 100% new content. This mixture crap is terrible for anybody who actually follows the product.