I would like to say that every version of Dickens' tale is excellent in its own way but that would include Henry Winkler's "American Christmas Carol" and "Mr Magoo's Christmas Carol". Of course, then there's Albert Finney's musical "Scrooge" - Thank you very much.
But, rather than quibble about which is the best version, I will say that Dickens' story is the best illustration of the Christmas essence. Religion and commercialism aside, Christmas is about giving to mankind to better yourself and Scrooge is the poster child of that sentiment.
Now, as to Reginald Owens' version of the tale, just a couple of quick points:
This film is lighter and brighter than the others. The Lockharts are almost "cartoonish" in their portrayals. There is a cuteness in this one that makes it a bit more fitting for small children than the Sim/Scott/Stewart versions. Nephew Fred(Barry MacKay)is infectiously good natured and a fitting opposite for Owens' mean, old Scrooge.
As to Reginald Owens, his meanness is nowhere near the other Scrooge's but his character fits the overall nature of the film. I just wish that they would have tried harder with his facial makeup. In some of the scenes, he looks an awful lot like the scarecrow in "Wizard of Oz".
This version may be "A Christmas Carol Lite" but it is very watchable and entertaining.
"God Bless Us, Everyone."
