Doesn't really matter, since it just goes to show what Odin IS capable of, and doesn't feature What If powerups, but an alternate sequence of events, Mephisto even mentions that they've gone back and forth/clashed for ages but Odin never went all out.
Aside that, it's consistent with Odin killing Hela = Death then resurrecting her, even outside of her dimension, killing someone who's partly an embodiment of death isn't to be taken lightly.
There's also Dormammu calling himself equal to Odin and Zeus, which for someone who refuses to admit inferiority to Shuma Gorath, lends more to they're genuine praise rather than Dorm overhyping himself since he's already = multiversal+.
In his classic version anyways, i don't keep up with modern marvel shenanigans or magic bullet shit.