I also think MIB3 surpassed the 2nd one, but not enough to get close to the first one. It's a distant second with MIB2 firmly in last place. The cast of the 3rd one was definitely better than the 2nd one, which helped. I also found the ending of 3 did a great job bringing it around full circle and explaining K's character.
One stands alone just fine, but 3 requires the first one to make it good.
The Jedi Master
The anteater is wearing the bagel because he's a reindeer princess. -- my 4 yr old daughter