Are you smoking crack? Morrissey himself has said he is immensely proud of Louder Than Bombs.
Okay, he was primarily referring to the iconic cover art of Shelagh Delaney, but it's still a classic, classic album. A must have, definately. It's epic in proportions and just gorgeous all around. It is infiniately superior to The World Won't Listen (although I do like "Money Changes Everything" better than "Oscillate Wildly"). Furthermore, there's nothing wrong with compilations. You don't go around bashing Singles do you? That's generally recognized as THE Smiths album to own for casual and new fans and it's fab. The Diana Dors cover art, the way it flows, everything. I wish that some of the really early Smiths stuff would be compiled into an album. I have most of it anyway, in one form or another, but I'd love another Smiths album to waste my money on. At this point, I'm even considering getting the Best Ofs and the Very Best Of (my only three hold outs in the Smiths canon) simply for the change of playlists. Yeah, I could burn those playlists for myself, but where's the fun in that?