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Superior story, mostly funny, say, after reflection (5-4)

Ross

I believe the answer is:

liege-lord

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'superior story mostly funny say after reflection' is the definition.
I know nothing about this answer so I cannot judge whether it can be defined by this definition.

'superior story mostly funny say after reflection' is the wordplay.
'superior story' becomes 'lie' (story can mean a fabrication. I am not sure about the 'superior' bit.).
'mostly' means to remove the last letter (most but not all of the word).
'funny' becomes 'droll' (droll means dryly amusing).
'say' becomes 'eg' (both can mean for example).
'after reflection' says the letters should be written backwards.
'droll' with its final letter taken away is 'drol'.
'drol'+'eg'='droleg'
'droleg' written backwards gives 'gelord'.
'lie'+'gelord'='LIEGE-LORD'

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I've seen this clue in The Independent.
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