I'm not nearly the Stats Head that Hollinger is, but these most recent numbers suggest that the formula needs some serious tweaking.
Boston has lost four fewer games, and has beat Miami twice.
Boston has played a tougher schedule.
Boston has played more road games, and fewer home games.
Boston and Miami have almost identical margins of victories. The separation (0.21 points) is easily accounted for by garbage time.
Both teams are 10-0 in their last 10 games, but Boston has played a tougher schedule.
How can somebody as tied to stats as much as Hollinger look at those numbers, and say "yeah, Miami is better"? Ultimately it doesn't matter, but you'd think that he'd want to tweak his formula so that it could pass the smell test.