I always intend to participate in a complete reading and discussion but then I start lagging behind until eventually it's months later.

Then it's even more difficult to pick up right in the middle after a lengthy hiatus. It might help that I have not read any of the tales (in full) that are in BoLT. So, I'm glad you started this
Form and seeing where it goes.
A couple of points from the Foreward...
It was pointed out by CT an appeal of LoTR is the "glimpses" that you get in the story, providing depth and magic. Inside this epic fantasy tale is glimpses to a faraway past that gives you history and depth. I think to a casual book reader these "glimpses" are an appealing part of the magic, but the more complete tales (when The Silm was published) might break the magic. For me, the magic isn't broken whether it's the "glimpses" in LoTR or the longer versions.
I've always had Sam's perspective that CT brings up in the Foreward "I like that!" The glimpses in LoTR had me thinking "I like that" "I want to know more about that." I think the problem with Sam's perspective though, is you run into a danger of certain "glimpses" not being all that appealing to you. What I mean is, Gondolin, Nargothrond and the fall of Numenor, as glimpses were fascinating and as deeper tales were just as interesting (to me). However, certain parts didn't, like the flight of the Noldor or the silmarils. As glimpses, they're fine because it provides the reader with history and depth, but as more complete stories, they can be rather difficult.