magneto's powers operate at the speed of thought, letting him construct or deconstruct magnetic fields with only a whim. match that with a lifetime of anticipation, and he'd be able to effectively anticipate and block cyclops' optic beams.
wolverine's powers operate at the speed of his body, requiring his mind to not only register a threat, but also for his brain to respond and send the proper electrical signals through his body, plus the time it takes to displace his body. that is considerably more time than magneto's powers require, and considerably more time than quicksilver's would.
you have no proof that cyke's powers are "slower than normal lasers," though i have the educated opinion of at least one comic fanatic (and moderator at uncannyxmen.net) saying they move at approximately the speed of light. i would bet money that there's sufficient evidence to back their opinion, though i'd bet better money that there's none to back yours.
also, while electricity moves at the same speed as light, electrons do not. so, unless the living lightning's powers are revamped so that he manipulates the sparse electronic "filaments" that extend between all matter on earth, his lightning bolts are nearly as fast as is light, thus not nearly as fast as cyke's optic blasts.
and, lastly, you cannot excuse away a canon fact. cyclops has fought wolverine, and wolverine has not won. perhaps by your definition scott didn't win either, though i'd consider tossing around a 300-pound sack of metal bones a pretty decent victory, but wolverine clearly does not win. that is inarguable FACT. i'm sorry if that's a harsh reality to come to grips with, but it is reality nonetheless.