It's a great list as long as you remember that it's just a ballpark estimate (it would be quite a bit different if USNews or Forbes rankings were used) and schools need to be looked at individually. For example, there are two schools ranked one after the other -- one my son chose to attend, and one he strongly considered. Both are wonderful LAC's, but at one we got the sense that athletes were an integral part of the student community, while at the other, we saw indications that athletes are kind of their own group outside the general student body. The comments in the thread from Smoke and BishopLeftyDad about admin support, facilities, etc are also really on point.
The WSJ/Times list seems to skew toward private schools. I think class size and spending push it in that direction. My son's school (public) didn't make BOP's top 100 because of a low WSJ/Times ranking, even though his school is ranked much higher than a dozen of the schools above on other ranking lists with different methodologies. Once you get past the HA schools, there are many different types of D3 schools to choose from.