In short, Namor and the Human Torch had good stories, Kazar not so much.
Because of how this book is formatted, in that there are 3 ongoing storylines that are separate, I will review each one separately.
NAMOR THE SUBMARINER clearly has the beginning of an ongoing arc that will play out nicely. I like the visual contrast between underwater and above water; the blue filter of everything underwater contrasts with the bright white daylight of the land. It visualizes the differences between these civilizations, ideologically and structurally - fitting, since warring cultures and races against oppression/revolution seems to be the primary thematic idea of this story.
THE HUMAN TORCH story here is good, it just doesn't seem designed with longevity. It doesn't seem to have a uniform structure like Namor, but it has an overall thematic arc that works visually on a scene to scene basis. One scene contributes to the whole, the next one building where the last one ended, etc. It's not a uniform visual metaphor like Namor, but it is an arc. The arc just seems to end as his story in this issue ends, with the ultimate metaphor for contrasting forms of greed wanting to commoditize power playing out to its natural conclusion. I wonder if that could hurt it down the road, since that doesn't leave it a blueprint to build off any further.
KAZAR is terrible. This whole story is just racist shlock. Even if it weren't racist, it'd still be schlock. There is no artistic effort put into its visuals for some larger meaning, the characters are unrealistically frankensteined into situations for plot convenience, and it just doesn't work.
Across the board with all three stories is that the dialogue doesn't necissarily integrate well with the visuals. Really, its just a thing of comics from this period, writing them and drawing the panels at the same time. Beautiful panels are littered with so much text in some of these stories that I never even end up looking at them. Namor at least characterizes its dialogue to him, but in the other two its somewhat stilted.
Read this magazine for the NAMOR THE SUBMARINER stories. Skip the rest. Plain and simple.