It's important to note that this video isn't accurate for the 2023 version. Similar, but not the same.
I think Dafish has it right,
"It’s my opinion I-MMD will rarely be as efficient and never as flexible as a planetary E-CVT, but Honda has made at least three important improvements that I suspect will bring it very close in capability IRL. "
I am curious about the suggestion that regen braking doesn't have as much mpg benefit as running the ICE at closer to optimum thermal efficiency and letting the battery/motor be the buffer. That would suggest that the mpg benefit would accrue to the "highway mileage" rather than the "city mileage" and we know that's not the case. Now that it's not -9 F outside, I got 34 mpg on a 70 minute highway trip that was a steady 60-70 mph in my 2023 Sport Touring - which was pretty comparable to my 2015 Otto cycle ICE CRV (33 mpg). I do hit 40+ mpg in suburban/urban driving with the hybrid vs 22-25 in the 2015 model.
I think you all got way in the weeds about the hp rating and such. Virtually all of it is meaningless to the end-user now. With a traditional ICE drivetrain, engine hp (and vehicle weight) yielded a reasonably reliable "zoom-zoom" factor that you could compare across vehicles. It wasn't perfect, but you really could put a car on a dyno and measure what was getting to the (rear) wheels / the power curve, etc. Most end users' concept of hp - and how that translates into "zoom-zoom" -- is based on ICE engines.
"Zoom-zoom" is an imprecise term, of course. It's best defined as how the car behaves when it's asked to accelerate in real driving situations such as accelerating away from a stop, merging onto a highway from 35 mph to 70, passing another vehicle that's going 50 mph before the oncoming truck flattens you, or accelerating up a hill under load. The perception of "Zoom-zoom" by a typical driver and a traditional ICE drivetrain was also tied to a power band that started at lower engine rpm's. In other words, you didn't have to get near redline in order to get around granny.
With hybrid, the old hp measurements don't similarly translate into "zoom-zoom". For one thing, electric motors can produce 100% of their torque at 0 rpm. An electric motor can move a car off the line pretty quickly, with less hp than an ICE engine, because of the low-end torque. What's more, a hybrid can operate in serial, parallel, or some work both modes - depending on the demand. I think it's misleading to use "combined hp", for example, when a hybrid was designed for primarily serial hybrid drive as the Honda CRV/Accord was prior to 2023. For much of the time that a typical driver was using the car, the limiting factor in the pre-2023 Honda hybrid was the output of the main traction motor - it didn't really matter that much what the ICE was capable of because you would need to be going way over any legal speed limit to actually see that hp. And it certainly was misleading to give a combined hp. Combined hp makes more sense on a hybrid capable - in hardware and software - of parallel drive for a given period of time. Combined hp rating on a Toyota hybrid makes sense in a 20 second burst for merging on a highway - it's completely misleading for hauling five passengers and luggage up the side of a mountain at 65 mph for a sustained period.