As I recall "On Writing" does not have a great deal to say about writing, it's much more about the life of a writer. To get a pretty good book that is actually about writing you'd want to upgrade to William Zinsser's "On Writing Well." So...
I read the first two sections of On Writing and that was enough for me. The first is a memoir from Stephen King in which he goes through major events in his life. The second is a writing style guide which centers around one theme: simplicity in writing allows for greater imagination in the reader. The second section goes through sentence structure, syntax, verb/adverb choice, pronoun placement, ect.
I would agree that the first section does not say a great deal about writing, but the second section reminded me of sitting in my High School english class with my favorite teacher writing a couple sentences on the board as an example and passionately (oops) dissecting the structure with arrows and margin notes to explain how and why a certain picture was playing in my mind while reading them.
Placing King's personal anecdotes and thoughts about the "life of a writer" before the actual lesson felt to me, when I began the second section, like I was sitting in the classroom of an artist who has far more passion for his work than I have ever felt for anything in my life before then. It made the writing lesson more impactful, if anything.