I like and agree with your thinking, Tod. To take your research a bit further, here’s how the OOC records (D-1 games only) shape up when compared to KenPom’s Strength of Schedule rankings:
Holy Cross 284
Boston U. 42
You can begin to see why the PL has slipped in Conference Rankings from 18th to 21st. Meanwhile, Lehigh has fallen from what was its 120th position entering the game at Syracuse to 191st this week.