I saw them so far apart that I can't really compare them, but no contest that My Bodyguard ranks much higher, and I really didn't care too much for that flick either.

I'm trying to remember if Drillbit was their muscle or just their consultant, teaching them to fight and being their lookout, like the CIA guy in the van.  That seems far more plausible.  Was he mirroring their plight with his own problems, they teach him while he teaches them, cause I sure as heck don't remember it. 

Well, to be fair, what credible threat could bullies in school pose to kids?  In one script I was toying with the bullies were going to mutilate the main kid character, but no movie... especially a comedy... is going to put that in.  If they had a sub-threat like blackmail or something, that would be interesting (and make the kids far from innocent, so they'd have something more to own up to themselves)... it would be the leverage they have to treat the hero kids like garbage.  Then you could get away from the whole "violence solves everything" approach (which I greatly dislike) and have the kids turn the tables, own up to their issues and take power away from the bullies, THEN the physical thing would be the icing on the cake.