I enjoyed the Gest (Lays of Beleriand is one of the most accessible volumes of HoME in my opinion), but if you're only up to Canto IV...
All I can say is that the good stuff is from later, when he undertook to revise the Gest after LotR was published. The writing is much more mature, and there are even some efforts to work LotR material into the text. For me one of the tragedies is that he didn't get very far (that and his purposed revision of Fall of Gondolin, which only got as far as Tuor showing up...)
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