I don't know mate, those two banks of five without any players upfront to at least try holding the ball up to organize counters suggests that Atleti were ready to engage in terrorism from the start. They were basically just clearing the ball from the 15th minute or so. It's not like City were barraging them with chances like Pep's Bayern did in 2016, purely from that perspective this was a dull game.
City's counter-pressing was top-notch, and Atleti's impotence was exacerbated by the poor ball-playing capabilities of Savic and Felipe. It is clear their plan was to try counterattacking in quick transitions, but any time they got hold of the ball, city players just knicked it off them. Atleti had 2-3 promising attacks in the second half that were not capitalized on. Still, they were afraid to attack/counter in large numbers all game long. At Wanda, they will at least commit as they did against Liverpool.
They'll probably lose helplessly like they did last year against Chelsea, but Simeone would take a 1-0 at Etihad in the first leg any day of the week.
That's another interesting point you bring up.
City has evolved the last 2 season precisely towards the direction of taking less risks in attack, committing less players in positions risky for defending possible counters, and organizing everything according to counter-pressing that would minimize or completely eliminate the possibility of a counter.
The result is that they don't barrage the opponent any more as Pep did with Bayern, Barca, even with City until 2020, hence they create less and consequently less clear-cut chances.
But the trade-off is that they are not vulnerable anymore on the counter.
Pep got slapped in the face so many times in CL, where he dominated games, created shitload of clear-cut chances, his finishers fucked them up, and at the same time a good drilled opposition like old Atleti, Klopp's Liverpool, or Spurs in 2019, or even meh Lyon, butchered them on the counter.
His head turned, and he decided to create tactics/formations so as to eliminate that danger.
The result is City 2020-2 that controls every aspect of the game, is not threatened, and scores as much as necessary to snatch a win.
You can say that it's less enjoyable than the previous version of City, but probably a better team especially for knock-out competitions