I find Baton Rouge to be overpriced when it comes to steaks. For what they charge, and if I want a good steak, I'd pay the extra $15-20 and go to a real steakhouse like Queue de cheval or 40 Westt in the West island. I've heard Rib & Reef is good but I have not been there myself. Prices are around what you would expect at Queue de cheval.
BUT if you want a steak that will give you shivers and make you weak in the knees, the Lou's cut at Queue de cheval will do the trick downtown. If you want to pass out in pure ecstasy, the bone-in rib eye at 40 Westt will have you crying tears of joy once you wake up. No metro goes to the west island though.