Achievements/resume should count for zero. They too are eniterly subjective, the best bet is to guess who the best fighters in the world are, regardless of whether they have fought anyone. When estimating this you will of course take into consideration some fighters are looking good against inferior opposition, but will use brainpower to detirmine whether you think they'll look as impressive when they step it up.
Our system seems to give fighters a base value determined by overall skills, but I think it would be good manners to consider whom you have fought in the last 5 fights, based on their base values.
Well...they'll get close to the top 10 but they'll never be allowed in the magic circle. They will be ducked and won't be able to get the points that someone in the magic circle who wins some and loses some against other magic circle opposition will get.
Very good work, Flux. I think it could work. If circle jerking is no longer legitimate - it will not be claimed as elite vs elite no more; the win will be less great, if a better challenge is being avoided. I suggest it will move down to contender lvl.