TNG is weird. It has some solid gold classics like "Q Who" and "Yesterday's Enterprise", but they're surrounded by mountains of bollocks like "Justice", "The Masterpiece Society" and "The Price"
Picard doesn't have any single episodes that hit those highs, but it's intended as one 10-part story. It has scenes, particularly the final goodbye between Picard and Data, that eclipse anything in Next Gen. It also doesn't come anywhere near any of TNG's low points.
The Next Gen movies never hit the lows of the series (Insurrection is tone deaf, but it's no "Justice"), and have some amazing high points. First Contact is one of the best Trek movies. I love Nemesis although I know I'm in the minority of hardcore Trekkies. Generations is flawed (Picard is handed the means to save his family but they're forgotten as soon as his scene with Troi is over) but watchable.
Picard is intended as a different kind of experience, a companion piece to everything above. So comparisons don't really work. It's an epilogue.
I'll have to see how it stands up once the new wears off of it. I do think, though, that it stands a chance of staying #1. To me, TNG was Federation pretty obviously propaganda (with the occasional peek behind the curtain, like Picard being willing to let a whole civilization die for the Prime Directive, the rape gangs on Tasha's world, and some of the really screwy things going on back on Earth with the Admiralty) being demonstrated by the best of the best aboard the flagship, and PIC is getting to the truth of things.
