My copy has finally arrived and although I prefer whole shows I think there is a nice flow to this box set. It's very enjoyable as a complete package.
The Knebworth 78 tracks sound better than any of the bootlegs I've heard. A massive improvement and I wanted to hear more. Actually the same goes for Knebworth 92.
When it comes to the Lyceum, I can't hear the distortion that others are hearing. It sounds good to me, and it's not going to be a leap ahead of the numerous bootleg versions particularly when we've already had the likes of the TM version for years.
The only track that sounded worse to me (but only marginally so) was Watcher of the Skies, but this boils down to the engineer's choice. Nick Davis quite obviously favours as much midrange detail as possible, whereas others have put more emphasis on bottom end and dynamics.
I really enjoyed it, way more than I was expecting, and I hope they release more. Perhaps KBFH reels next, or perhaps they could even be brave enough to do a Floyd and authorise the release of some of the better audience and/or soundboard recordings.