Rashad has faced four top 5 fighters in his entire career; Jones, Machida, Rampage, and Forrest. And he's 2-2 against them, plus a loss to Lil Nog who isn't even in the top 10 these days. Sorry, but there's no way he's an elite fighter when he can't manage a winning record against the top 5.
Has he gone far with the skills he has? Sure. But so has Josh Koscheck among others. And he's not a great fighter either. Same with Forrest, even though he was a champion as well.