I *have* been around from the beginning.

(I actually remember when they played "Queen of the Reich" on KZOK...I believe I owned the EP on the original 502 label on cassette...but that's long since been stolen...I bought The Warning the day it was released)
Here's my ranking...
1. Rage For Order - As much as I loved the EP, The Warning was just ok for me at first....so I wasn't chomping at the bit to get Rage. But then a friend let me borrow it on cassette. Didn't like like Walk in the Shadows AT ALL, and I thought the rest was weird. But...just like all my other favorite albums...after about 10 spins I was absolutely HOOKED. This is still one of the most amazing and important albums in the history of progressive rock. Neue Regal is my 2nd favorite all time QR track.
2. Promised Land - I pretty much consider this "Rage for Order with a budget"...the only way I can excuse Empire (which was way too commercial for me) is to tell myself that they did it to finance the album they *really* wanted to make. But given the reports I've heard of the state of the band at the time...it's becoming harder to convince myself of that. I Am I, Dis Con Ec Ted, the title track and Damaged are all absolutely amazing.
3. Operation: Mindcrime - Tracks 1-9 maybe just about the greatest run of music in their career. I never cared for Breaking the Silence, and kinda always thought Eyes of a Stranger was over-rated. I like the chorus, but the verses are too "sappy". Suite Sister Mary is the greatest QR song ever. Honorable mentions to Speak and The Mission.
4. Queensryche (The EP) - This is where it started. It may only be four tracks...but it's perfection. I'm a bit burnt out on Lady...but QotR is still amazing, and Blinded is a lost classic.
5. The Warning - I still hate the production...and Geoff's phrasings and melody choices (IMO) are really jarring and not fluent, and just overall not that great. But the songs did grow on me over time. Sick of Take Hold of the Flame, but I can see its charm. Roads to Madness and No Sanctuary are my favs...but Before the Storm/Child of the Fire have become all time classics as well. And then of course, there is the always amazing NM 156.
6. Queensryche (The Album) - This is really still climbing. Not sure it will ever be up with the classics...but at least it feels like classic QR. I'm very pleased with it, and it can flip-flop with The Warning at any given moment. I can't see anything touching the top 4 ever.
7. Empire - It's grown on me a bit over time. I really hated it when it first came out (except for the title track). But most of the songs won me over...and I reluctantly have to admit that this is a pretty good album. I still CANNOT STAND Jet City Woman and Another Rainy Night....terrible songs. But love Silent Lucidity, Della Brown, Best I Can and Anybody Listening?
8. Tribe - It's been so long since I've listened to anything past Empire on this list...so from here on out, I'm going from distant memory...and referring back to an "album discussion" series I did back at MP.com several years ago. I seem to remember that there was some pretty decent stuff on here....about half of it seemed to harken back to former glory. Other ideas didn't do so well.
9. Operation: Mindcrime II - There are some good tracks here...but as a sequel to OMC, it is an abysmal failure. Worst ending of any QR record EVER. I still really like Hands. Dio's guest voice was pretty cool.
10. Hear in the Now Frontier - HEY! QR did a grunge album!.....6 years after grunge peaked....how original.
11. Q2Krap - As bad as this album is...the final track (The Right Side of My Mind) may be in the all time top 5 QR songs. I consider that song to be the last dying gasp of the classic QR. How that song, which is very near perfection, could be on such a stinkburger of an album is beyond me.
I have never heard American Soldier or Dedicated to Chaos. In the case of the latter...it sounds like I'm not missing much. I may have to check out the former at some point, as I've heard a great many luke warm reviews about it.