There are some pretty obvious distortions when you closely look at the difference between the historical and AI-corrupted images. But I have to admit, the colorized one has a nice vibe to it, if you don't look too closely it gives a really nice feel for what the moment was actually like, more than the accurate black-and-white.
Which is to say, I think it comes down to what you value most out of historical photos; a forensic record of truth, or general idea of what it was like to live at the time, compared to today.