Normally with a cover, a group strives to "make it their own". Bring out hidden dimensions. Make style the locus of originality, not content.
But this interpretation is uncommonly faithful, to the point of redundancy
The Bunnymen even got Ray Manzarek to play keyboards on it. Actually, Ray produced the single.
It's like a Medieval illuminated manuscript, a perfect replica of a sacred rock text requiring absolute self-erasure on the part of the craftsmen.