It could also apply to S16 for a juggernaut -- i.e. the 09 UNC team. But as you note, it would have to be for a team that was considered top 5 all season. Basically, last year we exceeded expectations, and then the expectations got a lot higher and then we didn't meet them. But we got where we were supposed to be.
I never thought the team last year was #1 seed quality. It was a deserved seed based on the regular season record, but I always felt that we were overachieving. I mean, there wasn't an NBA player on the roster, save possibly Ingram but he was a second round pick. And while experience can often make up for a lack of NBA talent, we didn't exactly have that either except for RJ and Mondo. Ryan and Withers were new to the program. EC was especially inexperienced. And by last year's standards, Ingram was in the middle, given how many fifth years were around. In relative terms, he was like a soph.
I have a gut feeling that we will be about the same quality this year -- a different team for sure, but it will probably end up in about the same place. If we can good minutes from Drake at the 4, we could be stronger.