Overall, I enjoyed it. It was exactly what I was expecting (really dumb but fun), and for that reason it beats KotM in my book.
After Godzilla 2014, I was excited to see a continuation of that film's more grounded tone, which is part of the reason why I was disappointed with KotM, as it was very much heading in the more campy direction of some of the Toho films. That's not to say that a campy tone is in itself a bad thing, just that it didn't align with what I had expected based on the previous film, which I found to be an interesting departure from other Godzilla films.
In comparison, I knew going into GvK that the tone was going to be ridiculous, so it was a lot easier to manage my expectations.
The fact that this film is even more ridiculous than KotM works further in its favor. KotM, I feel, was trying to have its cake and eat it too--by having some more dramatic elements blended with the camp. It ended up being the worst of both. I much prefer the approach of this film--leaning in fully to the absurd.
On top of that, the emotional lynchpin of KotM is the family (forgot their names and won't bother looking them up), who I found to be utterly insufferable. In comparison, I thought it was smart of them to have the emotional lynchpin of this film to involve Kong. Even if it was dumb it gave me some reason to care about him as a character.
I still wish we had a properly toned sequel to Godzilla 2014 but after KotM I realize that doesn't make sense, so this film was perfectly fine at returning to a more traditional Godzilla tone.