On AdjO and AdjD plots, better is down and to the right. If you want to see who is best according to net efficiency (Off minus Def), you'd draw a diagonal line with a slope of 1:
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That shows us very slightly behind Florida and Houston.
Technically, Torvik uses expected winning % instead of net efficiency, which works out to ranking by Off divided by Def, and that does shift things slightly in favor of better defense, but not by a lot (still 6th either way).
EvanMiya adds another twist: he first determines whether teams do better or worse against good/bad teams, and ranks them according to how they do against teams similar to themselves. Since we're ranked highly, but performed less well against other top teams, we are bumped down to 9th.
Betting markets have us around 7th, and that's probably the best guess (barring lots of dumb money moving the odds, but I don't see signs of that).
Who knows what the people seeding teams are looking at. It usually resembles the efficiency rankings, but sometimes not at all