Both of them are interesting listening experiences. 'Feeling...' is much tighter as an album but '222' really has to be heard. It's like a great director's cut to a great movie. Plus, as it's been mentioned, it's got early versions of jokes heard later.
'Werewolves and Lolipops' is easily his best work, though. It's got all my favorite jokes of his. KFC, the Shatner story, the Lucas/prequels joke, etc.
I still haven't checked out his EPs and I need to.