One thing that confused me about the movie was how Miles was reading actual Spider-Man comics. But upon closer inspection, it turns out it's just the tales of "Billy Blarker", so nevermind I guess. But something else that confuses me is the fact that in the movie, each universe seems to be the comics designation. 40 year old Peter is from Earth-616, Miles' universe is 1610, etc. But... um... how can that work when we can tell the universes in the movie is it's own continuity separate from the comics?
But outside of that, I like how ""616"" Peter and ""Ultimate"" Peter were two different versions of, from my perspective, the mainstream "idea" of Spider-Man within the public consciousness. Like, the collective idea that is Spider-Man/Peter Parker within the minds of every person on this planet. What everyone knows and understands about Spider-Man, from normies to superfans alike, is all apart of the two main Peters we see in the movie. And what made it even better is how the two versions of Pete embodied it. 1610-Peter was like the Ultimate embodiment of that. He's 25, still very young but not too adult, he has all sorts of tech gadgets, he loves being Spider-Man, all the merchandise is canon, he went through all the iconic movie, comic and TV-show events (within the context of this alternate dimension), etc.
But 616-Peter is more-so the actual spirit of Spider-Man, as a character that has existed ina status-quo limbo for a LONG time, doing the same things over again. The same stories and stuff on repeat, he's still the young teenaged Spider-Man even though Peter is actually a 40-year old adult by now, and that's exactly what his problem is. He's stuck as what everyone thinks Spider-Man is, to such an extent that he's not ready to move on to the stages that Mavel refuses to let him go to: Married with children.
I feel like Peter Parker in the Hypercrisis is actually growing up, and Miles is starting to actually become the young Spidey successor.