Coley has impacted my life in so much greater a fashion than Lou Reed that it's silly to even compare the two. Lou made several great albums with a seminal band (and some neat-o exploit-teener dance numbers previously); every single solo record SUCKED, as stated by m-feld above; I love the Metal Machine Music concept, and have the 8-track sitting out so it's occasionally in my purview. I love VU, and they are amongst the all-time greats. However, like Swampy, I lived out in the middle of nowhere growing up. Forced Exposure (and Coley in Spin, B-Side, and many other contributions) opened up the window to VU and an entire world of music and "the arts." Philip K Dick, Coley. Meltzer, Coley. Rory Hayes, Coley. And on down the line. There was no internet, there were no fellow travelers, it was only mags like Forced Exposure that gave me access to the good stuff, and none were more important to me than Coley.
His poetry sucks. He's goofy as a talking head. But to this day, he does more positive shit than Lou has done in decades. Fuck Lou Reed - he was truly a remorseless fucking asshole - we've all read Transformer, no? I didn't know him, I don't care about the effusive praise of his garbage solo work or even his important work in VU (what's some clueless shitneck going to tell me that I don't already know?). He died in the early 70s anyway.