I've recently watched the new Koch release, which is one nice piece btw. The picture quality might not be what we usually expect from Koch but I think they did a good job with the restauration anyway. When I saw the movie last time in Magdeburg (Western von Gestern), the German master they were showing was quality wise even worse (but only in parts) than the German trailer included on the disc. It was a real Grindhouse experience watching the movies (Il Mercenario and Sabata) in the Kulturfalter's tiny cinema...
Well, the movie, of course, is good. Some scenes and the score are even great but Il Mercenario is not among my favorite SWs, not in my Top 20 and not even in my Alternative Top 20. I don't even really categorize it as a classical SW since it's obviously a "Revolution" Western. I strictly set those apart from our usual revenge-story SWs, which I somehow prefer. Actually, there are a lot of well made Revolution Westerns out there (Giu la testa, Tepepa, Companeros, Quien sabé?) but none of them makes my Top 20. I still like these movies, I just prefer the other kind of SW.
Il Mercenario is good entertainment, of course, and the Koch release is really worth getting. I think the movie wasn't presented that well until now. The featurette "The rules of the Revolutoin" is a very nice extra, informative and entertaining at the same time.
It's a must see and buy for fans of the Revolution Western and worth more than one look for people like me, who prefer the more traditional, classical (plot-wise) SWs !!!