I don't agree with Fair to Midland at all.
First and foremost per the production/mixing is at times unlistenable on Arrows and Anchors.
Also even considering how good and addictive Fables from a Mayfly was, and Inter.funda.stifle as well, I also can't say just from a writing standpoint, Arrows & Anchors is better or even as good actually.
But had Joe Barresi not produced it (he has a resume that includes many albums that seem influenced by the "loudness wars"), Arrows and Anchors may have come out sounding a lot better and thus, more addictive.
Arrows and Anchors could use a remixing like Vapor Trails, and I might be able to re-assess it.
I will say, the songs live were all good, but I still wouldn't necessarily say the collection of songs on it even live, were better than the Fables track list.