In my experience, historical seasons usually produce results comparable to real life. I just simmed the 63 and 72 seasons. Bouton was 19-6, 2.99 ERA. Carroll posted a 1.93 ERA.
PT is a different animal. Each player's value is relative to the overall talent in the league. If the league is chock-full of Perfects and Diamonds, then you'd better have a roster of Perfects and Diamonds to compete.
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