OK, there is sooooo much to consider so I will just throw out bullet points and hopefully people can build on them or find good tangents.
It appears WAR (wins above replacement) is a key factor here as toggling between the two does little else then re-shuffle the order of players in the top 40. Thus, I would guess they use WAR as a starting point, or platform, and then add in efficiency/production factors to sort the order.
Isolating Centers is interesting as their ORPM max out at 1.32. Sorting them by ORPM shows a few interesting things.
One, it seems apparent that efficiency is key and that Off. rebs and turnovers are likely big factors. Offensive centers with actual skill sets (and aren't just dunk machines) are lower down the list--except for Al Jefferson! He is a special player in this regard. Brook Lopez gets an honorable mention here, but having only played 17 games this year is excluded from consideration. Joakim Noah's all around game garners a #7 ranking.
Dwight comes in at #20 in the ORPM list for centers. My guess is that his high turnover rate and the fact that he often produces his own offense in the post forces him down the list. I do think that if all centers were required to play the way he does he would find himself in the top 5, but that's not the deal. I know his post game is not appreciated by many, but count me as one who does appreciate it--despite it's failings. (The fact that the Rockets made it a point to throw the ball into Omer more than once for post-ups in the last few games shows me how much they value the play and the overall effect it has on the team and winning)
I don't understand the high level of confusion about Bev's score. Clearly it is not a volume measure or Nick Collison wouldn't have found his way into the #6 slot. Now, assuming WAR is a large component then he is benefiting from Jeremy Lin's sub-par offensive season. Ultimately, When Bev is on the floor our own turnovers decrease, opp. turnovers increase, blocks are up, efg% is up, it's all up! LINK His fault or not, when he is on the court good things happen.
Going back to Collison, I can understand how he makes this list. I have watched him since his days at Kansas and cursed him the entire time. He is always making a play of some kind. A box out, a put back, a rebound, taking a charge, making the extra pass--you name it and he does it well. He seldom makes mistakes or has mental lapses.
As one sorts ORPM lists from position to position it is evident that eFG% is a key factor. There is no bonus/penalty for free throw shooting--just overall shooting efficiency.
Just noticed this: the definition of RPM at the bottom of the page.
RPM: Player's estimated on-court impact on team performance, measured in net point differential per 100 offensive and defensive possessions. RPM takes into account teammates, opponents, coaches and additional factors
Interesting that coaches are factored in. How the heck does that work? (let the McHale bashing begin! )
All in all, this measure doesn't seem too different from any other in that it means very little without having a solid grasp of all of the players beforehand. How can I differentiate D'Andre Jordan's offensive superiority to Al Jefferson? By watching them play.
Oh, the top 4 SF's by ORPM are Lebron, Durant, Melo, and.......Matt Barnes! OK then....oh, all he does is shoot open 3's (pretty well this season) and finish off fast breaks.....ok then. Corey Brewer at #7 is the same--threes, fast breaks, and not much else make one very efficient.
Then there is weird stuff like Kyle Korver (shooting 48% on threes this season attempting 5.6/game ) who comes in at #17 amongst SG's on ORPM. Huh? So, what is the penalty for having a .637 eFG% but not making the top 10? Based on who is ahead of him I'd say usg rate is heavily factored as his is a relatively low 14.1% for a starter playing 34 mpg.
I won't nitpick them all, but we are left in the same situation as always. Does it tell us anything? Maybe a little bit. Does it make us ask better questions? (something that some purport to be the real usefulness of these stats) Maybe, if you weren't already looking in the right direction.
The best question I can think of is, "can a computer, formula, or motion tracking device ever surpass the human eye and common sense in evaluating a player's impact on the court?" Sure, they remove emotional bias, but outside of that I say not really. They can provide useful raw data that is difficult to collect, but trying to apply them in a meaningful way, for me, has not proven very successful so far.