They are fine for discussing basketball. But, it is a mistake to make definitive judgments using them. I like the Sagarin numbers. I have enjoyed them for years. Incorporating strength of schedule gives a better rendering of comparative strength than pure w/l records. RPI is pretty good too. It weights a team's w/l record, the opponents w/l record, and the opponents opponents w/l record. Ken Pom has something to sell and his customers have something to talk about. All good stuff.
Good stuff that is marginaly better than nothing. I'm having trouble following your position shifts. I think you are saying now that the 120 number doesn't really mean that OU is the 120th best defense. And that the 190 number really didn't mean that OU had the 190th best defense (even though that was your earlier assertion) but, some way or another the difference between 120 and 190 has some meaning. If the gap between two meaningless numbers has some meaning to you, we probably can not agree.
What got this started was your use of Ken Pom number's to discount winning in a disproportionate way. Winning is the dominate statistic. OU is 17-4 after playing a competitive schedule. We have built in limitations and areas that need continuous improvement. We are not bad at anything. Any stat or rating that indicates that this team is bad at anything is flawed.
I'm a numbers guy. I like stats that have some value. Does a stat have any predictive value? If it does, I'm in. How much predictive value? The more the better. The stuff that Pom, Sagarin, and the others generate have some but very limited predictive value. There is much better available.
Betting markets are now, have always been, and always will be the best, most efficient, and reliable predictor of outcomes. It doesn't matter if it is horse races, elections, or sporting events. Betting markets far out pace anything else in prediction out comes. A knowledge and understanding of betting markets renders a greater understanding of the relative strengths of opponents that the type of stats you are relying on.