/r/books with its 3 million subscribers is really, really bad.
/r/literature is much smaller and therefore better. Way more interesting content, but still extremely entry-level though. And plagued with stereotypical redditisms (one of the top posts right now is Tao Lin translated to Latin).
Try looking for small genre-specific subreddits, like /r/printSF for science fiction books etc. More focused and insightful discussion seems strongly inversely correlated with subreddit size.
/r/literature is much smaller and therefore better. Way more interesting content, but still extremely entry-level though. And plagued with stereotypical redditisms (one of the top posts right now is Tao Lin translated to Latin).