With this one, I've finally watched all the HOWLING sequels. I can see why people actually like this 5th installment, as it does try to do something else with the werewolf concept. It plays out like a whodunit-slasher, set on one imaginative location (a Hungarian castle setting). Yet still, when you have to judge it on its own terms and nature, it falls short at the end of the ride. There's too little of the mystery-plot to enjoy (not enough red herrings, no twists worth mentioning and the killer/werewolf could just be anybody really - it's no fun to think along with the plot as there is not much to think about and no real puzzles to be solved). All the actual kills sadly happen off-screen (only ripped throats are shown after the events). We don't get to see much of the werewolf (only some brief glimpses during the attacks) and the film does not feature a transformation-scene (which I was so hoping for to happen during the conclusion). It's even lacking a decent climax of sorts.
The acting is strictly so-so, provided by a cast compiled out of unfamiliar names (at least to me they were). The small bits of humor injected into some of the dialogues, didn't really pay off. Fortunately they weren't too distracting. As far as cinematography goes, I only found the special effect shots, of the exterior of the castle during a snow storm, to be enjoyable. The interior sets of the castle chambers, dungeons and corridors looked a little cheap. But that can be forgiven, due to the movie's low budget.
It's an amusing watch and certainly not the worst or most idiotic HOWLING sequel, yes, but nothing more. HOWLING V might have drawn a lot of influences from that other 'guess the werewolf'-film THE BEAST MUST DIE (1974, starring Peter Cushing). Slightly more ridiculous but also a lot more fun, that film's at least worth checking out. I'm not too sure about HOWLING V, though. I probably should be flunking this film, but I'll be forgiving in my final rating. If only for the fact that HOWLING V: THE REBIRTH is infinitely better than the series final installment, (Part 7) NEW MOON RISING. Part 7 tries to tie up loose ends between part 4 (THE ORIGINAL NIGHTMARE) and part 5 (THE REBIRTH), but writer/director/producer/actor Clive Turner turned it into an insufferable mess of a movie.
