It seems the budget went up again for this one.
This movie cares a lot more about continuity than some horror franchises! Aside from Art, Victoria (a victim from the first movie, and just as much associated with these movies as Art is) is more in this, and is just as paranormal as Art is now. That could be interesting as to how that happens, but that's not this movie. Although Art imparting paranormality to his victims would explain how they survive so long after he disfigures them. [And apparently Art is called Clowny now.]
Sienna and brother is also back, dealing with surviving the previous movie. And her plot goes on for a while before finally intersecting with Art's. Showing trauma is one thing, but this movie doesn't respect that when they cut to show what Art is getting up to. Although the join is weird, like there's a scene missing, making you wonder if it is a dream. Although everyone gets supernatural now!
This marks the move of a Halloween killer to a Christmas killer. Although that it is just costuming, it shows that there really isn't that much in it.
This is definitely the low budget horror series that is both under the radar and punching above its weight. We'll see you for Terrifier 4...