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I'm glad you said kerning, T, that was going to be my first note. It's hard to judge a font if kerning is off.
The "dy" of dynamic overlays a pretty light and busy background - it's harder to read in two and three and four. One to a lesser extent.
Also, I'd veer from making the TDS stand out so much. I know they're your initials, but it makes it less pleasing to the eye at a glance, particularly with the papyrus (and - unless it's Helvetica - if people can name the font, I wouldn't go with it.) It isn't such a contrast for font one, which is perhaps why I think it's the best of the lot.
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