I think that the Professor meant for the first few chapters of the Silmarillion to sound like the Bible. After all, he did want to create a mythology and a great epic for England, and it definitely needed it's own "book."
Other than that, I definitely wouldn't compare the two. I've read the Bible from cover to cover (thanks to 8th grade Religion class!), and the Silmarillion from cover to cover, and they each have their charms and their boring parts. I've found some interesting parts in the Bible, and the Silmarillion is far from devoid of action. They're both excellent works, and I recommend them both to everyone here, but they're not really comparable in the way that you mean.
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But Melkor also was there, and he came to the house of Fëanor, and there he slew Finwë King of the Noldor before his doors, and spilled the first blood in the Blessed Realm; for Finwë alone had not fled from the horror of the Dark.
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