From the brief episode descriptions I've read for The Flash S02E08 (Legends of Today) and Arrow S04E08 (Legends of Yesterday), they appear to be two parts of the same story. I've watched all episodes of Arrow up to S04E07, but never watched any episodes of The Flash. I don't currently have time to catch up on about one and a third seasons of a show with ~40 minute episodes. With that in mind, I'm looking for some guidance on how to approach watching these episodes.
Can I just skip the The Flash S02E08 and just watch Arrow S04E08? Will I be missing crucial information from the first part that's required for the second to make sense?
If I do need (or choose) to watch The Flash S02E08 first, are there any episodes of The Flash I'll need to have watched first for it to make sense?
If I skip both of them, am I missing anything in Arrow S04E08 which relates to the ongoing season four storyline?