I have a similar feeling to rin753. There are GREAT stories in the past of this forum that have and will continue to get lost in the mist of time. I would have thought a sticky note at the top of each section (catfighing, family fights, sexfights,no-hold barred, etc.) would allow a simple ongoing way to preserve at least the name of a deserving story, thus giving newer members the chance to find (using the search engine) some of the great older stories (for which they would otherwise be unaware).
But Nutmeg's concerns are very valid. Some people will game the system and that defeats the purpose of the likes and views scoring for such a list. You could create a panel of long-time forum members to nominate stories for the Hall of Fame, but that creates a lot more work as well. I suspect it is already a lot of work for those involved in keeping this site up, and those people get very little gratitude and appreciation sent their way. (Allow me to at least give a tiny bit of that gratitude to Nutmeg and all those others who have kept this site going for so long.)
So I reluctantly agree with Nutmeg that there may not be a good way of doing this.