You can watch it online via youtube (but that was removed by the user before I could watch it). Some movies are fairly stable, and some don't last long at all.
It's available in sections, though, with part 1/3 here:
Moria says it "is perhaps the finest example of Hong Kong fantasy cinema" and "a grandiosely beautiful film." Love HK Film calls it "A certified Hong Kong Cinema classic". Gotterdammerung says,
It takes some getting used to in order to appreciate all the fine moments because everything happens so fast, it is easy to miss how well-crafted the film really is. I am not just talking about the exquisitely choreographed sequences, both fighting and otherwise. I am also talking about the dreamy, even nostalgic feel, that the film manages to convey.The Spinning Image says it's "Widely acknowledged as a classic slice of Eastern delight" and calls it "a visual treat". It gets a score of 75% at Rotten Tomatoes.