The title is also brilliant: mysterious and vague until you learn what is stands for. What's not to like?
One person could take a position opposed to the general held consensus on any topic, but if one person is the only one to hold this opinion, in english, it would generally not be described as a position that is "arguably" the case, even though if you read the word literally, one person is technically arguing it.
Also, I asked because I wanted to get the above user's opinion on the matter, not your dismissive comment which isn't contributing anything. I've read the VALIS trilogy, but I've never heard any of VALIS trilogy novels described as possibly PKD's best work.
And you could've done just that without being passive-aggressively dismissive.
Upon trying to find those sources I could only find Terence Mckenna's article on it, in which he doesn't exactly argue that it is PKD's best work https://sirbacon.org/dick.htm
Perhaps I now believe that those who read the book and "got it" would argue that it's his best book and perhaps even the best title.
But part of me wondered just now if those sources were out there and now I cannot find them.