I think the Pope must be one of the most influential religious leaders. From what I can tell, the recent Popes (I am familiar with the last two) have done much good in the world. And I know that our two churches have stood in support of each other on key moral issues.
I believe that the prophet or President of the church (as we call the senior Apostle of the twelve today) has the priesthood authority that Peter and the other apostles had which makes him more than a prophet. He is a prophet, a seer, and a revelator.
When my Catholic friends say that the Pope has the authority of Peter, I used to think that they viewed the Pope in the same light. I thought that he was viewed as some version of an Apostle. After a few conversations on this board, I think I understand differently. That the pope is not a prophet and not an Apostle. But he does retain the authority from Peter and is considered the Father over the whole church. And while he may not be a seer or a revelator, he is inspired and led by God.
Is this understanding correct? I hope I am getting it right.

Which brings me to my next Catholic question: if Peter was an Apostle, why isn't the Pope if he has the same authority?
And as always, simply trying to understand how my Catholic friends see this issue. I am afraid I do see it thru Mormon eyes as was my upbringing.