Taylor Sheridan’s Yellowstone is rooted in the clash between the old and new worlds, and that conflict also rears its head in 1923, his second prequel spin-off from his hit TV series. (1923 follows last year’s 1899.) Premiering on Sunday on Paramount+, it’s another capable notch in the writer/director’s belt, albeit one that’s too conservative—narratively speaking—for its own good.
The prime selling point of 1923 is...