It holds up better that his first Deadpool appearance.
Unfortunately, I'm afraid that IF Ryan Reynolds were to reprise the Green Lantern role, it would probably be way too close to being a noble Deadpool variant in green. That said, (hot take / spit-balling and probably dumb idea incoming) maybe what both comic universes need at this point to spice things up is more crossover events that aren't just jokes. What if one of the Deadpools actually got a lantern ring somehow?