It's still funny...just not as funny. But that may have more to do with the times we live in than the not-ready-for-prime-time players.
With some exceptions, it's been mostly funny throughout its lifetime. Right now, they have a treasure trove of comic riches from the walking disaster that is the president. They can't help but be funny with such a wealth of material flowing out of the WH every day.
Funniest cast member ever: Will Ferrell
Least funniest cast member ever; Victoria Jackson
Funniest skit ever: Tie between Chippendale's Dance Audition and Cowbell
@Lutherzme That was Charles Rocket. In all fairness that whole 1980 season was a bust except for Piscopo and Murphy.
Eh not so long ago, it goes in cycles. Very few of their casts have just been awful all year and the classics get remembered more fondly because only the great sketches were memorable. The late 80s through the 90s had some brilliant casts. These days Kristen Wig and Keenan have been the best in their class but eh, not every cast can be a murderers row like the OGs and the 90s.