I've been limping along with the "new" Outlook for several weeks now. It's clearly an inferior product, perhaps because, as I understand it, it's now being offered for free. The calendar has many fewer features than the original. You can't edit saved messages. It doesn't download every email in each folder; instead, it gives the annoying "Load more conversations" option. Inbox messages often download very slowly, or not at all, when opened; I often just open them in Yahoo to save the time I spend waiting for Outlook to download the full message.
The one advantage - the only one from my observation - is that the syncing with my Yahoo account is fixed and folder contents no longer magically disappear and reappear and disappear and reappear and disappear and reappear.
Sorry to paint with such a broad brush, but sadly, this is the world we're now living in. Everything, big and small, is inferior. It's simultaneously embarrassing, infuriating, and frankly, frightening. It's a disadvantage to be my age with the ability to "remember when" things were very different in the late, great U.S.A.