Interesting to consider, but I would take that backwards looking criteria with a grain of salt. The landscape of college basketball has changed just in the last 2 to 3 years and the makeup of teams are evolving.
Rosters that were loaded with projected lottery picks and 5 star freshman used to be the best teams in college basketball. But now, it seems teams who rely on experience and hit on their transfer evaluations are having the most success.
Generally though, I think the criteria describes a great team. But I wouldn't hold to it like gospel and if a team has 3 criteria met, they are probably just aa capable.