Oh, it's horrible alright. But it's got some comic value in Lazarus constantly falling off cliffs.
*Lazarus kicks rock off ledge*
"Captain, look out! AHHHHhhhhh!"
If Abrams wants another story to remake, this is the one that needs it the most.
Re: Lazarus' time ship
When I saw this in first run, the prop looked familiar to me. It reminded me of something I'd seen in either Twilight Zone or Outer Limits. Maybe one of those TZ's, where Russell Johnson was a scientist experimenting with time, not sure what device was used. It's not "Back There", where he tries to stop Lincoln's assassination. Maybe "Execution", which I think has Albert Salmi as well.