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The phrase "a much better settlement" is correct and usable in written English.
It can be used when comparing two or more settlements, indicating that one is significantly improved over the others.
Example: "After negotiations, we reached a much better settlement than we initially expected."
Alternatives: "a significantly improved agreement" or "a far superior resolution".
Exact(1)
But Gove, offering up privatisation proceeds from selling inner-city prisons and insisting that the system can take no more cuts, may now be able to get a much better settlement from Osborne than his predecessors.
Similar(59)
But they now have a chance of getting a much better deal through either a settlement with Clear Channel's buy-in or the outcome in scenario 3.
The income tax advantage of life insurance makes it a much better asset once it has been restructured, rather than selling to a life settlement firm.
A Much better.
A much better player.
That's a much better fit.
"Collaborator is a much better word.
There is a much better approach.
It really is a much better service.
It's a much better "pull" system.
A Much better from the financing side.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com