I would say that it's waaaaaaay weirder to be so Ole out that you start to think that Martial and Rashford are on the same level as the likes of Salah, Mane, Son and Kane. Or that our midfield, apart from Bruno, is great. Or that our bench is great. I'm not saying that you specifically believe all of this, but I've seen several posters suggest something similar.
This is the way I see it(on paper):
1. Liverpool
-- big gap --
2. City
-- small gap --
3. Chelsea, Tottenham and us (it's so even that it's impossible to give a definite answer).
I think most people, whether they are Ole in or out, can at least sort of agree with this. Therefore, in my opinion, 2nd is a small overachievement. 1st is a big overachievement. 3rd to 5th is right where we "belong". 5th can be considered a failure because it means that we failed to outplace both of our "closest rivals"(Chelsea and Spurs). 4th is dead average.