That’s not machete order, the point of machete order is to cut episode 1.
Despite its name, that’s not its purpose. The cutting of episode 1 is only secondary compared to the true purpose of machete order. All these things matter more:
Beginning the saga with ANH
Beginning with TPM sucks because it lacks the explanation of the world it takes place in. Most can agree that ANH is the better way to first experience Star Wars.
Preserving the twist
Nuff said.
Learning Anakins Backstory then experiencing his Redmeptiom
Perhaps the greatest glory of machete order which is that after the reveal that Vader is Lukes father, the mystery is evermore present so the prequel trilogy tells the story of this tradegy. Then once you jump back into episode 6 his redemption means that much more.
When watching the blu Rays I stick with cutting episode 1 but I find Cloak of Deception is a vast improvement that makes TPM very enjoyable and as a bonus I get to see Duel of the fates.