1 - Elo is a fairly simple and effective solution to this problem, you just need to use a different one if you have other requirements. I would definitely choose Elo.
2 - Listen, you can trust Elo, but if you don't run Matching, you won’t get an exact answer. “look confidently at the ranking” means for me “according to xx coinciding times the top winner (or whatever you name it) is XYZ so far”
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