Well, as you probably noted, I certainly find a lot to chew on in his books. Even his earlier work has a lot more thought behind it than Moorcock is willing to admit; the writing in those may be wonky, sometimes crude or rough, but the ideas, the concepts, and the philosophical underpinnings are certainly there.... but then, what would you expect from a man who has admitted that the first book he actually bought as a child -- using his own money -- was
Pilgrim's Progress, by John Bunyan?
Just keep in mind that darned near all of Moorcock's work is allegorical in nature... sometimes "mere" allegory, sometimes very subtle allegory interwoven with realism... but all of his work plays on different levels....