I never denied the team success aspect.
As for the defensive value, who knows how much value that holds? Maybe there is something out there I haven't seen that lays this out, but it's hard to say how much better Frazier was on defense.
He said Frazier got robbed cause he had more points, assists etc. While this is true, he did it much more inefficiently. This must have been what gave Wood the nod, over Frazier's team success and likely better defense.