I believe we are better than we and others give us credit for.
I agree with you.
Models like Saragin don't reflect efficiency by possession like a KenPom basketball model would. Typically, Iowa plays low possession games to leverage their defense and in turn Iowa doesn't inflate margin of victory when they are clearly the better team. This is penalized in a model like Saragin which is based mostly on point differential.
Iowa's strategy is also why they are susceptible to upsets, both in their favor and against them.
The OSU game result varied by 44 points from a pre-game Sagarin model prediction. This game result moved ratings significantly.
Lowered OSU from 2 to 6. They lost 4.5 points.
Raised Iowa from 27 to 18. They gained 4.5 points.
This game single handily moved the Big Ten West from the 10th most powerful division to 7th.
Interesting to note, the SEC East is the weakest power 5 Division in Football. According to this model, Georgia at #1 and Wisky at #9 wouldn't be something one should infer. Per the Sagarin model, the SEC East is 7 points weaker than the Big Ten West and 11 points weaker than the Big Ten East.
Personally, I was rooting for a bigger margin after it appeared the game was determined. I was curious what a 31+ point Iowa victory would mean for models like this. I was disappointed after the fake punt and then relieved the Hawks decided to score a touchdown with their fullback to get the points back. Kirk's level of class is also penalized in the Saragin model.
The fans need some kudos as well. Someone needs to test what Kinnick night games are worth in terms of points. My gut says 7.