I have an unsubstantiated theory as to why these rank the way they do.
The 1st Generation pistols all had parts that required some level of fitting and the folks who did this work were trained and well practiced and if they didn't get it right, the gun was returned to them before it was made ready to be shipped. All of these guns were pre-1983.
The 2nd Gen pistols had parts that were a closer fit and didn't require as much hand work to get them to play well. Sometimes if a part didn't fit right or fit well, they simply grabbed another from the box of parts and went with that one. And this was the time when S&W massively expanded the semiauto pistol lineup. What was formerly three models (39, 59 and 52) was now 469, 669, 459, 559, 659 and shortly after, 645 and 745.
The 3rd Gen pistols with MIM parts (early 3rd Gens did not have the MIM) were now using parts that had no fitting at all. When MIM is done properly (and S&W MIM is amongst the finest in the gun industry), the dimensions are exacting and the parts play extremely well together and they don't require the magic touch of a skilled craftsmen to fit and work well with each other.
It's easy to see how much better the MIM 3rd Gen double action feel is compared to nearly any 2nd Gen double action.