I have to admit that I am an unabashed fan of Tom Conway. For the most part, Falcon movies are highly entertaining. Certainly no one will ever confuse a `Falcon' movie with great art, but it is impossible to watch them and not be amused. In this case the interaction between the Falcon and the three Ughs is terrific, humorous and, in its manner, touching. I can not help but smile as the young women of Blue Cliff cast eyes at the famous and romantic Falcon.
As with most `Falcon' movies the plot is secondary. You watch to see Tom Lawrence out smart the police (ably played by Cliff Clark and Ed Gargen), flirt with pretty women (Jean Brooks) and in general act as a proto-Bond (without the gadgets and violence).
If you want to a new view of life, look for a Bergman film. If you wish to see film as art I would recommend The Cabinet of Dr. Caligari. If you want to spend a fun evening with a loved one (or ones) and a bowl of Orville with root beer, it is hard to beat a Falcon movie, and this is a good example of the serial.