I've used ADW, LP, and Go and personally I found GO to be superior. Just the way it's extra features are organized seems more user friendly, like changing themes/fonts or something. Not to mention the list of fonts is HUUUUGE, probably close to 100 choices. I never experience any redraw, though I did only super occasionally if I pushed it with LP (don't remember ADW, was awhile ago). Plus GO had this really sweet Bionic theme that I was rocking for awhile....
Anyways, none is infinitely better than the other. They are really easy to use, don't require root, and have no potential for damage/bricking. My biggest issue with Stock was the lack of customization offered in GO. I couldn't get used to having my app icon on the right side, I kept stalling by first moving towards the center of the row. Plus I got used to having 5 widgets in my dock and 5x5 homescreen. Just try them all, dl Home Switcher, simple as tapping a widget to change launchers and you can use them all!