Chichos, I thought I was already being kind of conservative by putting the numbers where I was. I was using the minimum of his last few years in Orlando rather than the average. He had about 4 years where he performed above those stats, so I don't know why people wouldn't want to take that bet if they truly thought he was healthy. It's not like he's old. This should be the prime of his career.
Johnny Rocket, great reply, and I'm glad you pushed back on that. Here's how I'd put it: The best four or five players are so much better than ordinary players that they are rarely going to have a five-game stretch where they look statistically ordinary. They will regulary have five- or even twenty-game stretches where they perform well below average FOR THEM, but rarely will they go so low to cross into the "ordinary" realm. You're right that it would be very interesting to look at the data to see just how rare that is, but I'm confident that it is in fact rare. It's the nature of outliers. (Unfortunately my database is season-level rather than game-level and it would take a long time to collect, clean, and analyze game-level data.) What this all means for the Dwight discussion is that it's probably pretty unlikely that Dwight is still one of the best 4-5 players and that he just happens to be in an early season slump. I think it's more likely that he's just not going to be as dominant as he was.
Rahat, I know your comment on PER was kind of an aside, but I wanted to respond anyway. I can understand the distrust of PER since it only uses box score data and so pretty much ignores defense. I think this oversight is particularly salient for us Rockets fans since Asik looks like just an average player according to PER. But it's important to note that Asik is one of the biggest statistical enigmas in NBA history. He and Ben Wallace are the only players in my database who have HOF-level career RAPM while looking barely above average in career PER. Historically, the correlation between RAPM and PER is something like 80%. So this is all just a long-winded way of saying that I think PER is a fine metric if you just keep in mind that Asik is really weird.
NorEastern, being "the Man" is not going to affect these metrics much. They are measures of efficiency more so than total production. As one example, LeBron's Usg% dropped after he joined Wade and Bosh in Miami, but his PER and WS/48 did not.
Also, it looks like you might have missed my earlier comment on sample size, so I'll paste it again:
Re: small sample size, all of the "elite" players that Dwight gets mentioned with -- Lebron, CP, KD, Love, Curry -- have a PER above 26 already, and they all have an even smaller sample size than Dwight because they played fewer games. With small sample sizes, the issue is that not-so-elite players temporarily look elite (e.g., CJ Miles, Zaza Pachulia), but there isn't so much of an issue with the reverse: in other words, you don't usually see that elite players temporarily look mediocre. The LeBrons of the world statistically float to the top pretty quickly. Dwight isn't there yet, and there's a good chance that means he won't be getting there anytime soon.