Anyone who says this was better than Lament of Innocence is out of their minds with N64 nostalgia. The game was a turd, plain and simple. It had decent atmosphere and a few standout moments, but it was really generic and the soundtrack was terrible compared to SOTN which came out first in the same generation.
Lament of Innocence was really the great one that people like to look back on and scoff at. It had the same amazing composer as SOTN, great bosses, and solid combat. Plus all kinds of hidden areas and weapon powerups. Play that one and leave the N64 turd in the closet where it belongs.
To be fair, I didn't play the werewolf edition of the N64 game. I heard mixed things about it.