Full disclosure: I have not watched the original Time Bandits movie from the 80s. However, I watched the first episode of this series and it felt like the showrunners were trying to duplicate the “zany” feeling of 80s comedies and missing the mark terribly.
I get the sense that a lot of this is due to nostalgia for films based on childhood memories rather than any clear sense of cinema quality.
The article doesn’t mention it, but there was a big kerfuffle after Charlyne Yi (the actor who played Judy) spoke out about being abused and assaulted on set.
That’s why the character basically disappears half way through the season.
Keep an eye on that Kal-el Tuck kid though. The last time I was that delighted by a kid actor on television was Elliot Page in Regenesis.