Perhaps not the most under appreciated because most like him. But perhaps the most unfairly never crowned fighter (unless you count that interim thing). But his is an awesome division where being in the top five is almost worth the title in some other divisions in terms of achievement.
Proper hardcore fans realise how good Ferg is and know that Conor would have nothing for him. Only casuals consider Conor an elite lightweight up there with Khabib/Tony.