I always have the feeling that FM was his "fun" outlet, he didn't had to be so professional as with LP. I mean, Mike's on coke and drunk on certain shows, no way he would do that with Linkin Park. I still love the album, but I agree with you, it was a product from its age. About SOB, I understand why they're heavily feature, it was his project and decided to bring out his friends, like I said, the project was all about having a good time and not taking it very seriously.
No wonder why we would never get a proper reissue, besides RTN, outside the LP fanbase barely anyone remembers the record.