The early Bosko series of early Looney Tunes are rarely seen. First, because they are in black and white, and most people don't have the patience for black and white. Second, because Bosko and Honey, his girlfriend, are supposed to be Black -- or Afro-Americans, depending on which term you prefer -- and are offensively drawn according to the standards of the era. Lastly, because their construction is not very good -- this is the third of perhaps two dozen in which I have seen the same "carousel" gag.
Nonetheless, there are small variations in quality, mostly in terms of the artwork. I think I see some superiority in the ones in which future director Friz Freleng -- here credited under his real name, Isadore, is one of the animators. The lines are a little cleaner, the detail done better and certain things, such as water, is drawn more interestingly.
I cannot seriously recommend this or, indeed, any of the Bosko cartoons to a casual watcher, nor any of the Looney Tunes of the era, but if you wish to study them for historical interest, the variations mentioned above are something to watch out for.