I liked it on the whole, but I didn't necessarily think it was a MOTYC or anything.
A part of it was the crowd, who were so silent at times I had to check and make sure they weren't in Differ Ariake or something. For all that Daisuke and Hino were doing, it was kind of annoying to have a crowd react to it as if they were watching moderately good theatre instead of being invested in one of these dudes winning (or at least knocking their opponent's head into the stands). I feel that I'd be a lot more into the match if it were in front of a hot Korakuen crowd, or just a bigger and hotter crowd in general.
On the other hand, the match felt at times like I was watching two guys who were fans of these types of manliness/toughness/dikk-waving contest matches put together one of their own, but not quite get that the main objective was to win as opposed to making your opponent submit to your awesomeness and strength (to be fair though, if they had just not gone for pins and turned it into a tacit Last Man Standing match that ended in a time limit draw, THEN I'd have thought it was a MOTYC). Everything is executed very well for the most part (could have shaved that weird portion off where Hino finally took the advantage only for Daisuke to go back onto the offensive 3 minutes later, but the little stuff such as Hino trying to slap his way out of chinlocks and torture racks was great), basically everything they did has a point and a good amount of thought put into it as you said, but the first 20 minutes or so felt like it was just missing a little something to me. Might be because I've seen this type of thing from these two before and seen them do better (much better, at times) with more emotion behind it, but that might just be me having seen enough of these matches that I need more than "pretty great execution" to call it MOTYC great.
I want to emphasize though: really good stuff, last 5 minutes or so really did pull me in, and I wouldn't hesitate to show this to someone as a way to gauge their interest in this type of match, but I feel like I've seen better of this type style (but as I said, a better crowd would have made me forgive a good 70-80% of what I said in that paragraph above).