Definitely Pagans over Dead Boys, easily. Dead Boys only made one great LP, while Pagans have a few LPs worth of greatness. Besides that, i'm not so into the production on their 1st LP, actually prefer the 'Younger, Louder, Snottier' LP version released later on Bomp. That live set from CBs released on DVD years back is pretty hard to beat tho. That's the kind of thing that could put them at the top of any list of greats, no question. (pretty sure the whole thing is on youtube, check it if you haven't seen it)
Mirrors and eels (w/ a nice side dish of Styrenes w/ whom they shared members) over everyone tho.
Here's an interview i did w/ Morton in MRR last year http://www.violet-times.com/2011/06/i-interviewed-john-morton-in-maximum.html w/ links there to read more about electric eels as well. Do yourself a favor, esp if ya don't know about 'em.
Also at the top of that page you can click to the purchase page for Poli Styrene Jass Band (aka: Styrenes) 'Drano In Your Veins' 45 reissue that we did awhile back if you're interested in 1975 pre- punk, proto- punk, baseball bat in the face lysergic madness, a bonafide classic. Less than 20 copies remain.
Not punk, more rock n roll / soft psych, but i actually just put on Stone Harbour 'Emerges' LP right before i saw this thread/group. Nearby town of Cleveland- Youngstown, OH 1974.
Also surprised no one mentioned Peter Laughner in here? Maybe i missed it, and again, not so much "punk" sounding overall but his 1 million (and counting, as more are found) unreleased recordings (and the few released thus far) have many choice cuts. He was a driving force in tying to make that a "scene", or at least promoting his own music, and by default taking those other wild sounding bands to the top along w/ himself.
I also enjoy the fact that The Cramps, Pagans, and electric eels are all related by blood- that's some kind of royal bloodline there!