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I'd say Monkey Man is the epitome of BAFs.
Check out those unobtrusive multi-jointed toes and that mouth joint.
Can't really think of a modern BAF that can even compete. All Hasbro BAFs have been a step back since they took over and some BAFs, like Jubilee and Hit Monkey are like a slap to the face.
McFarlane does BAFs, but they seem like the bonuses that they were meant to be... sometimes. With Toy Biz, the BAFs were a way to get giant sized figures that they couldn't get into stores ontop of being BAFs. Whereas McFarlane is able to do what Hasbro can't (or wouldn't) and release giant figures all by themselves.
I think that says something about how well McFarlane's figures are selling if they were able to convince retailers to carry vehicles and giant figures for a 6" line.