Best: Tenrou Island arc Every chapter and episode was brilliant and entertaining. The dialog was funny, and the fights were above average. This ark also advanced the story farther than just about any ark. It showed how strong Fairy Tail was by fleshing out Gildarts and Makarov, while also introducing future enemies, Acnologia and Zeref. And it also helped explain fairy tails past by introducing Mavis and Hades.
Worst: Daphne arc The hell happened here?!
Bipolar: Grand Magic Games arc This chapter had some amazing fights, but the setting was awful. Onto of that, it kept flashing back and forth between the GMG and The Rescue Team. The fights between The Rescue Team and the Garou Knights was just lame in comparison to the GMG, making it incredibly difficult to watch.