Argento - by far - should be the winner.
The only close competition is Mario Bava. He made some great --and very influential -- films . But also he churned out so many movies, so fast, on such low budgets, that he made quite a few clunkers that bring his average down. (To be fair, Argento has lowered his own average score during the last ten to tweny years -- although SLEEPLESS showed that he could still make a good one now and then.)
I have a soft spot in my heart for Fulci (mostly becuase of ZOMBIE 2, CITY OF THE LIVING DEAD and, especially, THE BEYOND) -- but he wasn't necessarily a great filmmaker.
As for other names in the "history lesson," I never understood what all the shouting was about in regards to Ricardo Freda. THE TERRIBLE SECRET OF DR. HITCHCOCK is good for a laugh (watching the titular doctor try to resist his necrophiliac impulses while examing a corpse, for example).
Margheriti is about on the level of Fulci: he made some good ones, but he's not really a consistently great filmmaker -- just a competent one whose work sometimes clicks. For you gore fans out there, you might be interested to know that he directed second unit, including the 3-D insert gore shots (e.g., entrails hanging into the camera), for ANDY WARHOL'S FRANKENSTEIN -- a film otherwise written and directed by Paul Morrisey.
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