Not a bad breakdown. It hints at one of the reasons the loss column is what matters, but never really gets there, and that's when one team has played more games, looking at the wins column automatically assumes the team trailing will play .500 in the differential games. At the top of the standings, teams are always better than .500.
I was actually thinking of it this morning as what happens at season end, if one team is a half game up. I
think what happens is that the team a half game down has to make up the lost game, and the risk of loss in the make-up game is the easiest way to see the value of the half-game lead in the standings. If they're winning 75% of their games at the end of the season, then maybe there's only a theoretical 25% chance of loss. But of course that depends on whether their ace is ready to pitch, and whether they're having to make up the game against the 2014 Houston Astros or the 1927 Yankees. It also affects who they have available to throw into a possible game against the team that's a half-game up. They always face a risk of loss in that game.
If they're not required to make up the game, then, well, it's only the loss column in that situation that matters, and the two teams go straight to a single elimination season end. I don't think that's what happens.
That risk of loss is easy to see in that situation, but it's also there 18 days from the end of the season.