I have long been an critic of how the Elite List is calculated. That is why @MattP
and I cook our own list every year. See BallOfSpray 2015 list and methods here.
I am super happy to see that the IWWF is at least looking at a new ranking method. See here.
I believe this method is FAR superior to the current / official Elite method. I do not know how this new method will be used but I hope it becomes the new standard or is the prototype of the new standard.