I've found that, as my life has progressed, I've paid less and less attention to lyrics. In part that's because I can't just lie around blasting an album and listening to it over and over anymore. And, while I HATE to admit it, it's harder for me to read lyrics in a CD booklet the way I could read lyrics on an album sleeve in my teens and 20s.
Back when it was the JP & MP show, I always thought I liked JP's lyrics better, but then I realized I was misattributing some songs. I had it in my head that MP was responsible for the heavy stuff and JP was responsible for the proggy stuff. Beyond This Life is a good example. For quite a while, I mistakenly thought it was an MP lyric.
Looking now at a list of DT songs by lyricist, the only JLB songs that have really hit with me are Blind Faith, Out of Reach, Sacrificed Sons and Vacant (although SS is really ITNOG Part 2).
JM stuff has been generally good. I always like LTL, but it became personally meaningful when my wife's father died of AIDS in 1995 - about six months before we got married (he contracted it via tainted blood used in a transfusion). I've always thought Lifting Shadows was a cool lyric, and Fatal Tragedy is excellent.
KM's songs have been hit or miss. LOVE Surrounded and Only a Matter of Time, but not so much with Lie and 6:00.
Same with MP. ACOS, Home and Strange Deja Vu are great, but I'm not a fan of any of the 12SS songs, and stuff like Never Enough and Honor Thy Father verges on juvenile.
JP probably has 2-3 lyrics I like for every one I don't care for, and even some of the songs for which he is most maligned I kind of like.