You can make an argument it's a great performance but surely the number one pick should be a merger of great songwriting and great performance
It's a decent song elevated by Aretha Franklin vocal performance and the call and response from the backing singers.
However I don't even think the original song is really that good. The vocal melody is really treated as a repeating riff that is repeated for the entire song there's not even a separate verse/chorus in the song. If Aretha Franklin didn't add the spelling RESPECT section to the song they wouldn't be any contrasting elements in the entirety of the song.
It's a decent song elevated by performance/arrangement and addition of a section but a great performance doesn't make a great song.
I'll take (You Make Me Feel Like) A Natural Woman, I Say A Little Prayer, CHain Of Fool over Respect