Don't base your commitment to watch the entire series on the unrepresentative first episode: If you came here expecting a spiritual successor to Osomatsu-san, you will be sorely disappointed. Both Shinya Tensai Bakabon and Osomatsu-san may be modern reinterpretations of Fujio Akatsuka's classic works, but Bakabon completely fails to catch Osomatsu's momentum, insultingly incapable of recreating its wit or boldness. An overwhelming number of skits has the main characters stubbornly resist to come up with jokes or situations where something funny could happen. Instead, they sit around spitballing what they could do this episode, only to reject each other's lazy ideas by saying they'll get introuble with the broadcaster. This would be a little less inexcusable if this was a 10-minute improv format like gdgd Fairies/gd Men. Referential humor is a debatable topic, but even if you like it, you'll get sick and tired of the characters constantly breaking the 4th wall by calling out that they're only tiptoeing around a reference without committing to it. It's as if Family Guy was about to make one of their infamous manatee jokes, but before they can even cut to the unrelated scene, someone interrupts and yells "No we can't do that on tv!". The characters also often address that the show has no budget, that they don't want to animate anything, that their broadcasting station is shit, and that they don't expect people to watch it anyway - and that's usually supposed to be the whole punchline. Similarly, when a famous voice actor shows up, the punchline is always the heavy lampshading of the cameo, and that it serves no other purpose other than having the voice actor on the show at all (paraphrased: "Hello I am indeed THE famous Hiroshi Kamiya, hey wait why is my cameo already over???").
The writers probably couldn't come up with proper comedy situations because they kept the characters from 50 years ago as-is, instead of reinventing them like they did it with the formerly indistinguishable sextuplets from Osomatsu-kun. Worst of all: The two most flanderized characters, Bakabon's Papa and Mr. Policeman, take up the majority of the screen time while (slightly) more versatile characters like Bakabon, Mama and Hajime hardly ever show up at all. Even Eeldog shows up relatively rarely, even though he is the only designated straightman to Bakabon's Papa's stupidity.

In summary, Shinya Tensai Bakabon is an offensively pointless, self-referential comedy about outdated caricatures that relies too much on 4th wall breaking and nostalgia for an era that almost nobody in the Western anime community can relate to.