To answer your question to why it is ranked so much lower on the 250 top list, than movies with a lower average and fewer votes, is simple because "For this top 250, only votes from regular voters are considered", that concludes that "ordinary" voters can quite possibly give this movie a very high average, but without high votes from the regular voters, it can not, make the 250 list. That is why movies with fewer votes can outrank a movie with 10 times as many votes. The line between ordinary and regular voters, can not clearly be pinpointed (at least not by me), because the information is classified. Nobody knows wether they are ordinary or regular voters for sure, because no one tells you if you are a regular. This is (I think) to secure the 250 list from Trolls and singletime voters, because such opinions are not (in the eyes of IMDb) considered to be valid enough for the list. There has been rumours about how you become a regular voter (though none of these have ever been proved), some say that in order to be considered a regular voter, you must have voted for at least 300 titles, and must keep an average of 3 votes every month. But as I said these are rumours and nobody , as far as I know, has ever proved them right.
I hope that answers your question.
And btw. Saying that everyone who knowns about good films, is aware that the list is horsesh*t, is in my opinion a quite poor statement, since it completely comes down to the subjective jugdement, concerning first of all, what "good movies" are, and second what a top 250 movie list should include. However I do agree with you at some point that, some of the movies in the top 250 list is (In my opinion), either overrated or underrated, but this does not make the list completely useless, since you can always "judge" the movies on your own.
And btw. thanks for the link, just looked it up, seems interesting, especially that it also includes top directors.
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