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A good indicator is something you can objectively apply across the board for any pitcher. Win-loss record is not objective nor unbias. Because it's a context dependant stat.
I can objectively tell you one pitcher induces more strikeouts, limits more walks and homeruns than another. I can tell you one pitcher is better than another at run prevention. Win-loss record will not inducate any of that. It just tells you if a starter went 5 and his team held or gained a lead prior to him exiting the game. It tells you nothing about his overall production. Which is why it's a poor indicator of anything.
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