The worst Pink Floyd albums by far were the first ones. Syd was not a greaqt musician through my ears. His songs sounded ridiculous and had no meaning as far as I was concerced. Bicycle? Fuck that shit. One Of These Days is by far one of the most inventive songs, yet repetative.
It wasn't all Waters, but his total and complete absence ruined the album. He was smart enough to know that Floyd was done, and had no place in the 90s.