There are two reasons that make this film worth seeing.
The first reason is Louise Brooks who does her usual sexual, innocent, but wickedly intelligent thing that she always does and does so well here.
The second reason is that this film is a textbook example of the Howard Hawks movie. The plot about two sailors who end up finding each other because they have shared the same women at different ports is meaningless. There are two characters who don’t trust each other so the other character is able to keep the plot going. As soon as they trust each other the plot resolves itself. You can find this pattern in just about every Hawks films like The Thing From Another World, El Dorado, and Rio Bravo. As long as the characters don’t trust each other the plot continues. Once they do, the plot ends.
For those two reasons I recommend it.