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Most of us have already seen The Evil Dead reboot and I believe for the most part can say it is not the most terrifying movie experience at all. Probably pretty far from it. Gore/blood does not = TERRIFYING.
But, for you what is the scariest movie? It doesn't even necessarily have to be horror, truth be told as we grow older things that go bump in the night just are not what they used to be.
As a kid I grew up watching horror with my father religiously. I remember not being able to watch the vampire in the window scene in Salem's Lot. At no other time in my life have I ever had to turn away from the screen.
Now though horror movies don't phase me at all. Some disturb me a bit, especially ones that deal with children being harmed in any way. Contagion scares the living shit out of me to be honest. An outbreak like that portrayed the way it was chilled me to the bone. Thinking of that happening (because it actually CAN) the first thing I think about is my family and...I just shudder.