I've only listened to about 2/3rds of it, and like what I hear so far - some good lyrics, subtle vocals, given Dylan's frayed voice (I'm reminded of what Billie did in her late years - hope that's not heresy), and pretty subtle backing by his band - none of that "let me hit you over the head with the beat just in case you don't know where it is" drumming that's so prevalent these days.
I am bothered by the song borrowing. Dylan used to be a little bit more subtle. When he took "It Hurts Me Too" and turned it into "Pledging My Time", it wasn't quite so blatent. These days, it seems to be, let me do Lonnie Johnson's "Tomorrow Night" or the Mississippi Sheiks "Sitting On Top of the World", "I've Got Blood in my Eyes for You" and "The World Is Going Wrong" on Good As I Been to You and World Gone Wrong, call them "traditional/arranged by Dylan", and go with it. This time out, he's chosen more traditional material, but it still bothers my ears and sensibilities.
I do think that whover wrote and/or owns the copyright to "Red Sails in the Sunset" would do well to give a listen to "Beyond the Horizon" on Modern Times. The opening phrase is very close, to these ears.