Yes, better is of course a bit subjective, if you don't like the games in a bundle, then it holds no real value to you, and if you love the games in a bundle, it might well be worth more to you than the asking price. And yes, I think that LoG 2 is worth more than the asking price of this bundle (I bought it for more, and I don't regret it)
But people have also quite simply come to expect a certain "value" from bundles. The effective discount of this bundle is just above 85%, which might sound good, but many of the games have already been heavily discounted, if you buy the "packs" of the multiplayer games with a friend you'll get a roughly 85% discount of those on a "regular" 75% off sale (which they've been on), and the version of SR 4 that you get is not even the one that you "should" buy if you intend to play the game (the "game of the century" edition costs 5€ more and includes all the DLC, and while a good portion of the DLC are throwaway stuff that you'll never use, the two story DLCs are worth getting, and will together set you back more than 5€). SanctuaryRPG has been given out for free in the past to people who got the original on Desura (which was free), and has also been bundled twice. So that leaves Valkyra Chronicles, Besiege (a rather cheap game) and LoG 2 to make it a "good deal".