The present paper is a companion to the paper by Villone and Rampf (2017), titled “Hermann Hankel's On the general theory of motion of fluids, an essay including an English translation of the complete Preisschrift from 1861” together with connected documents [Eur. Phys. J. H 42, 557–609 (2017)]. Here we give a critical assessment of Hankel's work, which covers many important aspects of fluid dynamics considered from a Lagrangian-coordinates point of view: variational formulation in the spirit of Hamilton for elastic (barotropic) fluids, transport (we would now say Lie transport) of vorticity, the Lagrangian significance of Clebsch variables, etc. Hankel's work is also put in the perspective of previous and future work. Hence, the action spa...