I recently made it back to Chicago (I was passing through on my way to The American Pizza Championship in Milwaukee) and the first and only place on my list of pizza places to try was Pequod's.
It definitely didn't hold together as well as the pies at Lou Malnati's. But can you really judge a deep dish pie on that? In fact, I find it hard to judge deep dish pies in general. I stuffed my face with cheese and sauce and dough. It was delicious. But I felt bloated after. Would I rank it among some of the best deep dish pizza I've had? Sure. Do I understand why people eat deep dish pizza in the first place? Not quite. I'd send folks to Great Lake and Spacca Napoli before I'd recommend they take their chances on some deep dish pizza. But if that's what you're looking for, Pequod's is where it's at.