To be fair, WCW in the Monday Night Wars wasn't very good. The Cruiserweights rarely had any actual angles, the main events virtually always ended in DQ when the nWo came in, the commentators refused to talk about anything except for the nWo, the nWo was a brilliant idea that ended up being terrible because Bischoff was forever stuck in the middle phase of the group, they failed to use their top guys to get newer stars over, so many of their main eventers didn't care and it showed in their matches and a lot of it just doesn't hold up when you watch it in 2013.
When it comes to WCW, I'd gladly watch 1992 over any of the Monday Night Wars years. The stuff holds up and things were actually advancing (Vader's push, the creation of Dangerous Alliance and push, Erik Watts being pushed, Scott Steiner's short lived push, ect)