When I hear "monarchical fascism" I struggle to see the difference between that and an absolute monarchy. I'm not sure absolute monarchies are very good governmental systems. I think feudalistic monarchies are highly preferred, a la the kinds of which were common in the early middle ages, with ducal lords having a high level of independence from their liege (think Alfred's England or Northern France). Or the system of the Holy Roman Empire, again, quite decentralized, with the top liege having more of a moral than a jurisdictional authority over the lower lords of the realm. Absolute monarchies are far too dependent on the virtue of the absolute monarch, something that history has shown to be devastating (Henry VIII, anyone?). The earlier feudal systems were much better checked against the ambitions of rulers because of the decentralization of power and government.
.