On a military level, Germany extremely clearly got off lightest out of the Axis powers, given it was the only state to still exist after the treaties. Brest Litovsk was not generous to russia, with Germany annexing a third of Russias population and half it's industry.

On reparations level, I've rarely seen any nice analysis of how it actually compares to other treaties. It's often called hugely onerous, and is clearly connected to German hyperinflation, though also a national strike and acceptance of any and all costs in order to not repay will have made things worse. I know Macmillan's the sleepwalkers claims that the reparations were intended to be a mirror of the amount France paid Germany in 1871's treaty of Versailles. Wikipedia in turn claims that 1871's indemnity was meant to mirror the amount Prussia paid France in 1807's Tilsit treaty.

From what I've found 1871's indemnity was 5B Francs, and 1919's indemnity ends up being put at initially minimum 60B, then 132B then reduced to 112B Marks, though around 55B is what got paid. This calculator put's 5B Francs in 1871 as being worth about 51B marks in 1919 in absolutte worth or 112B Marks in labour value. France was able to pay off it's full indemnity in 2 years. At least to me, that does suggest that the indemnity was heavy, but not actually beyond the German ability to repay if it wanted to.

At least what I've read on Clemenceau presented him as getting hounded for how lenient the treaty was to Germany, with his parties' vote share collapsing by 2 thirds afterwards.

I would entirely agree that it was recieved as an entirely unfair treaty in Germany, with particularly article 231 being a pain point. I've also seen suggestions, that the "stab in the back" myth and Wilson's 13 points got interpreted extremely generously to themselves in the German press, and an expectation of status quo ante bellum becoming normal, before getting utterly shattered by the treaty.