Buchanan --> Lincoln is probably the biggest upgrade ever, but others in a similar category might include Adams --> Jefferson, Wilson --> Harding (saying much more about Wilson here), and Carter --> Reagan.
Biggest downgrades are actually a bit tougher. Underrated one might be Taylor --> Fillmore; I guess on the theory of normal Presidents leading to disasters you could include Taft --> Wilson and Ford --> Carter here.
Biggest downgrade: Obama -> Trump
Bush/Obama/Trump/Biden has actually been a remarkably bad run. I don't think we've had a President who wasn't an enormous disaster,
by their own standards if evaluated honestly, since Bill Clinton.