My first thought was to wonder why Alice's dress looked so much like Alice's dress in the Disney version. A quick date check revealed that this came out just over 20 years after the Disney version. So the question is... did William Sterling's version deviate in any OTHER ways from the Disney film?
Well... it's live action. And the frame story involves Lewis Carroll (Charles Dodgson) taking three little girls out for a picnic, where he tells the story of Alice in Wonderland. Which... I have to admit, turned me off of the film right away. More for the creeping staring than the content, although in context it's not very reassuring, either.
Aside from that... call me a product of my era, but I found the pacing extremely difficult to deal with. This film sticks pretty close to the original story, which is to say--all the cruel nonsense is present. But this Alice laughs through the whole thing, so at least she's not scared....
This movie is almost more worthwhile for the antique special effects. If you enjoy that kind of thing, this is one to check out. And if you like the pure nonsense of the book, this is a respectable version. Otherwise, I'd pass it up for something else.
You CAN watch it for free, on hulu, and the bright costumes and music might appeal to children more than they appealed to me.