Yes and no. I like bracket reviews at this time becuase they show how you did aginast teams that you wouldn't nomrally see or don't see very often, kinda like the NCAA tourney.
Conference play is VERY important mind you, but you're bound to win or drop a game or two you shouldn't just on familiarity of a team or just from the sheer amount of games.
Now that being said, good teams win or do well in their conference. Period.