However, try not to forget that Red Flag has tested Allied Tactics, Training and Procedures since its inception. These TTPs have then been validated or invalidated in many real conflicts, post-Vietnam.
There is a correlation between what you describe as just LVC and how effective that will be in a future battle scenario. Is it 100%? Absolutely not. Would I take the RF kill ratio, strip out the false contributors and apply military experience to assess capability? Yes, and I'm confident that's been done and compared with modelling and real test results.