I think it was, well at least most of the times.
I am fascinated by the ardent support for the COLBYS. I will admit that I have not watched the show in decades, and maybe giving it another chance decades later I might get a different picture. But here is what I remember from the COLBYS from my 80s watching of it:
The show had the following going for it: A kick-ass theme, a wonderfully complex and amazingly acted character in Sable and a very hot Maxwell Caulfield. Beecham as Sable is such a gem--in fact she is so three dimensional and warm toward her children and resolute toward her enemies that her radiance makes so many of the others seem even dimmer. And Caulfield, unfortunately not always a passable actor, was the hottest thing on prime time soaps at the time. Miles should have had a career as an underwear model and the show would have stayed afloat.
But everything else--I was very quickly bored by it. In my view, the show reached Dynasty "S7 latter half" boredom pretty quickly. Unlike Dynasty, which was sliding in consistency and quality through the years, so many of the actors and characters were deathly dull right from the get go. Connie, Jason, Frankie, Hutch, Garrett, Bliss, to name a few. Zach was the poor man's Cecil Colby, and was never a believable antagonist for Jason Colby, who was never a believable man for Sable and Frankie to fight over in the first place. Fallon--nuff said, and she kept Jeff tied to her boredom a lot.
The initial "Jason is dying" is also such a huge slap in the audience's face: it is the kind of bold-faced lie which Dynasty could pull off in S3 with Claudia dropping a doll off the roof and making us thinking--FOR A MOMENT--that the doll was a baby and then making fun of us for believing it. Because Dynasty had the bravado/balls to do that at the time and knew how quickly to reign it in. The Colbys just shoots itself on the foot right from the starting line, and its footing becomes lamer as the seasons progressed, though S2 is somewhat better.
I kept watching and there were some storylines that had potential (JROG's "watching" thread has reminded me of many of them). I won't even go into Emma Samms' portrayal of Fallon, because that horse has more than been beaten to death. But what a waste Frankie was because of Katharine Ross! Unlike Dynasty, where the stupid scripts of the latter seasons were often saved by the actors, here the story sounds explosive on paper, but Ross ruins them. The show has also made little effort to show Frankie invested in Roger, but then again maybe it was better than having to watch Ross portray her brand of angst. When Phillip re-appeared, it was again one of those great plot twists that quickly became a missed opportunity. Some later stories did take off: Channing, and how she complicated the Miles/Sable relationship, was a great addition but overall, the show has been a series of missed opportunities for me, occasional bright spots notwithstanding.
Miles and Fallon were the biggest waste. Imagine that Miles is a playboy and a daredevil with zero interest in Colby enterprises. In fact, he loves that Jeff has come in and he can be the son Jason always wanted, because he will never be. Then Fallon, written like she was in Dynasty's S8 and S9, not like on the COLBYS, remembers who she is and that Jeff never lets her be who she wanted to be (again as she did in Dynasty's S8). Then you have her really torn. The show was also dying to have Sable and Jason divorce and have her be his rival a la Alexis on Dynasty, but the two of them being together despite storm after storm made much more sense.