You are correct in your assessment. But every team loses games that they feel they should have won.
If we are cherry picking flipped results, beating Miss St in Biloxi and not losing one of the games to High Point would be at the top of my list.
Beating coastal 3 times and Texas state 5 times more than makes up for losses to JMU and App.
The non-conference strength of schedule of 123 is a big deal.