"The Equalizer" is the tenth of twelve 'Alfred Hitchcock Presents' episodes directed by James Neilson. Most of Neilson's episodes of the series were above average, with a few very good to great ones, with "Reward to Finder" being a season high point. He also had the odd disappointment, with "The Percentage" immediately standing out in this regard. Season 3, like the previous two, had its misses, but also had a lot of solid and more (the best outstanding) episodes to make it a solid enough season.
As far as Season 3 goes, "The Equalizer" is somewhere bang in the middle. Not one of the best (i.e. "The Glass Eye", "Reward to Finder" when talking about the previous episodes), and not one of the worst (i.e. "Sylvia"). When it comes to Neilson's episodes, it is again not one of his best or worst. Though a big improvement over "The Percentage". It is a decent, slightly above average episode in my view that starts off very, very well, but loses momentum when running out of gas.
Starting with the good things, Leif Erikson is excellent and gives the character intensity and nuance. Although he is not a likeable character and essentially meant to be the adversary, he was for me actually the most rootable and most interesting character by the end. Martin Balsam gives his all in his role, though the character himself is problematically written. The character chemistry has a good deal of tension and great fun to watch. Hitchcock's bookending is entertainingly droll.
Furthermore, Neilson directs assuredly and seems at ease with the material. Or at least in the first half. "The Equalizer" starts off incredibly well, with great intriguing set up that doesn't take too long and a good amount of suspense. While not lavish, then again that was not needed, the production values are still appealing and have atmosphere. The theme tune is iconic.
However, the second half wasn't as strong. The pace drags as a result of the plotting becoming thinner and the dialogue, that was thought probing and concise, becoming too heavy on the talk. So there was an over stretched feeling later and like the episode was too long.
Do agree about the ending being a let down, very anaemic and vague with more questions than answers, a sort of ending that this viewer does not like especially in a type of story where a well rounded resolution is needed. While not having a problem with Balsam's acting, his character is very annoying and "The Equalizer" in my view goes way too far in making his character as unlikeable as possible by exaggerating his negative character traits. A big mistake as he is the character that was meant to be the at the end of the day rootable one, and it unbalances the story significantly.
Overall, above average but very uneven. Great first half, dull second. 6/10.
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