I had watched this in Hollywood as well but, given its late-night broadcast (being the last of 7 Lloyd films shown in a row), I was quite tired when its turn came and therefore not in the best position to appreciate it!
Lloyd is a spoilt millionaire and a hypochondriac to boot - not his typical struggling character therefore, but just as resourceful in dealing with situations beyond his control; he goes to a supposedly peaceful South American republic for health reasons and finds it torn by revolution! This film, then, would seem to be the precursor of all the south-of-the-border comedies which came much later - for instance Woody Allen's BANANAS (1971).
Still, while the comic action scenes at the climax certainly deliver the goods - Lloyd is assisted by a giant he met while in prison (and whom he had rid of a crippling toothache) - I think that the film is at its best during the earlier stages (especially the hilarious scene in which, taking a stroll around the village streets, he admires the leisurely lifestyle of the simple-folk there - with everyone he meets apparently sound asleep, unaware that their predicament is actually the result of a fresh beating by the oppressive militia!). Incidentally, this was Jobyna Ralston's first film with Lloyd (playing his loving nurse who, at one point, is disguised as a Mexican serving-boy in order to escape the lecherous attentions of the chief villain!).