How is google docs a terrible word editor? Do you mean that it lacking the advanced but rarely used features of word?
Honestly though, I do think Word captured a really nice standard feature set. And docs does a darn fine job of matching that set one to one. The image placement and handling can be a little wonky at times (at least the last time that I used it) but that's what one gets for trying to handle it all in html/javascript/canvas? For what it does, it's a mighty fine product.
- Always-visible word count (added recently, but missing for nearly a decade)
- Custom text styles—you can modify the existing ones, but not create new ones with new names