It does to me too in a weird way. After Nalion's comment, I started to be skeptical about the idea, but SHEOG's poems that I read in the "Mad God's Masque ball" in TIL seem pretty "enlightened" in a sense, regarding existence being an illusion. While the Dam Dog IS insane, I still FEEL like he's more sane than most thing...in a very strange way.
It is said that the most brilliant minds are often more than a bit touched.
While I don't really think he's Lorkhan in the Enantiomorph sense, he has to be a PIECE of Lorkhan, in the least. Both he and JYG are a very strange case: JYG's sphere is Order, or perhaps Exactitude more specifically, yet he's a Padomaic. That makes no damn sense. Lorkhan is a Padomaic who didn't directly create the world, yet because he's the architect (not literally - I know Magnus is, but I'm speaking more metaphorically), he has a very direct connection to it. That ALSO makes no sense; he's one of the Padomaics, who have no connection to creation.
There is a difference between being Anuic and being an Aedra, or being Padomaic and being a Daedra. You can theoretically be a Anuic Daedra, or a Padomaic Aedra.
What is the connection between Lorkhan and Jyggalag? Why isn't there any mention of JYG in any creation myth, yet he and LKHAN are so connected that his death made JYG flip from Exactitude into Randomness? Those might be simple questions, but I haven't had much time to think about these particular ideas; I just thought of this as I was writing.
Jyggalag was just a placeholder name up until SI. I don't know that it was the most thought out idea, but you can make it work if you really try.