"The Way" is a reference to Christ (John 14:6) as well as to The Covenant."The Way" can't both mean "following the Torah will make you spiritually alive" and "following the Torah will make you spiritually dead". It's one or the other. Which is it?
The Covenant is called "The Way" in The Torah (Deuteronomy chapter 9 verses 12, 16 and 11:28 and 13:5 and 31:29) and Jesus was saying that he was a living demonstration of it (The Way) in action, demonstrating how YOU have to be if YOU want to survive and go home to Father.