I agree with all of this. See the OP. ORtg is almost meaningless without Usg%. It's also not very meaningful without DRtg.It is an enduring mystery why ORtg and DRtg are still considered to be equally good approximations of what they purport to measure. They aren't. Full stop. ORtg is pretty good, whereas DRtg is really quite terrible...
DRtg alone doesn't tell us much without ORtg and Usg. Just as there's not much information in just a person's height, or just his weight, or just his fat content. Together, they tell us something.
Given that we can concoct a combination that in fact seems to concur with a player's known best season, maybe we are on to something.
If you aren't playing much D, or are part of a team that doesn't play much D, what does that say about your offensive stats? That they aren't translatable to a more competitive environment?
Yet if you have at your disposal something like DRtg -- basically your team's DRtg plus or minus a quantity that depends on your blocks and steals -- then you have something better than league ORtg to compare to your ORtg -- it's the avg league ORtg of the games in which you were actually playing.
DRtg doesn't have to be an "equally good approximation" to still be better than nothing.
How great is an ORtg of 113 with TS% of .565? Orlando Woolridge did this while scoring 26 pts/36 in 1991.
His 7.1 Reb/36 was above average in the league; but his Reb% of 9.3 was below avg. That's what happens when your team is out-rebounded by 3 per game.
His DRtg of 116 was just a bit worse than his team's 114.7