IMO the Spyderco Military has the most properly executed liner lock on the market.
The lock face on the tang is curved, not straight, which helps keep the liner contacting properly with wear, and helps to prevent the liner from disengaging under pressure (as the angle of the tang is reduced the liner is less likely to slip).
The tension on the liner is very strong compared to most. With a strong lock bar there is more force keeping the lock in place, compared to a liner lock that is nice and easy to unlock. This is also an indication of the quality of the lock. If there is very little force pushing the lockbar in place, you can get away with a lot of slop in the overall build of the knife. With more force the lockbar tries harder to push its way across the tang. I have one knife from a respected manufacturer where the lockbar exhibits less pressure and travels nearly all the way across the tang, when the knife is new. After owning three examples of the Military, they all started out with very little lockbar travel, and my most used Military is at about the halfway point.
The Contact point between the liner and the tang should be as far away from the pivot as possible. This is an element of overall design, as well as the fit of the lock. On the Spyderco Military the contact point is about 3/8" away from the center of the pivot. Some knives may have a wide tang, but if not fit correctly they may contact closer to the pivot anyway.
One point of debate seems to be whether to have the liner cut at an angle to the lockface, ensuring that the liner contacts only at the farthest point from the pivot, as Strider particularly likes to do (and Spyderco on the Military). Or to try and have the entire width of the liner contact the blade tang, as Kershaw does. IMO Kershaw's method is better for the longevity of the lock, as much more of the liner contacts the blade tang, and there is much more metal to be removed for the lock to wear in. This method requires more precision, however, since it is much closer to potentially having the lock contact only near the pivot and not farther. Thankfully this has not been a problem with any of the Kershaw knives I have used, the lock angels are all done very well on my Kershaw folders.
Thickness of the lockbar is not necessarily an indicator of strength. It certainly can help with reliability (less flex under pressure), and the lock will wear in more slowly with more metal on metal contact, but remember that a chain is only as strong as its weakest link. The lockbar on the Military has no cut-out. Nearly all frame locks, and many of the thicker liner locks out there, have a cut-out (allowing the lock to flex more easily so that the user can unlock the knife). The thickness of the lock bar at that cut-out is often the limiting factor in the overall strength of a lock. This puts the Military right up there with many of the bulky "heavy duty" folders in terms of overall lock strength.
I think that covers most of it.
Other than the Spyderco Military, the Kershaw ZT0200 and JYD II are my favorite liner locks.