"can I ever be satisfied with the lens quality on a folding camera?"
I think you could until you'll compare it to a newer design lens. I own many many folding cameras, all bought researching the best performer. After purchasing more than 100 I realized that is much bigger the difference between each sample than between models and brands. In my experience the best performing four elements lenses are: Solinar 75 on the Super Isolette, Color Skopar 105 on the Bessa, Solinar 75 on the Isolette and Solinar 105 on the Record II,Tessar on the Ikonta, Color skopar 75 on the Perkeo, etc. But everytime I look at transparecy with a 8x loop the difference between say 3 agfa isolette with solinar 75 lens are wider than difference between other lenses. It all depends on the lense's story, being 60-70 year old.