I'm no huge Schwartz fan, but I'm a bit surprised by people who think it has one good song. I think nearly every song that was included on that original recording is a gem, some lyrics aside, although I still think the revisions were largely worse. (OK I knwo the recording was done by that couple on a shoestring budget, in a poor studio and we should be thankful, but some of the sound issues are so random--like Meadowlark where Patti's voice is almost too loud causing some distortion and then suddenly goes all quiet like she's a room away...)
I know some of the lyric changes were done to make things more real--ie in Proud Lady he no longer says I'm in love for the 41st time or whatever, but I think ti works more as a short, basic, story.
Particularly Chanson, Proud Lady, Gifts of Love, Serenade, Endless Delights and If I have to Live Alone are all songs I might even prefer to the slightly overplayed Meadowlark. On the other hand, I can't think of any other songs on the London cast album I much like (I do have that four track recording of Bread and some other chorus songs Schwartz did in the 70s himself with a piano, and like I said Bread is fine, though has some typical Schwartz forced lyrics that I dislike).
How was the Papermill production? Max von Essen is pretty great singing Proud Lady (new lyrics) in this clip from it
http://www.youtube.com/watch?v=Fw_H1kZ97Pg