Im pretty sure you can be higher rank then your level. I am level 50 and am rank 61, maybe its a wierd bug but i am certain as far as my counting goes 61 is a bigger number then 50.
What the OP says is right so far you get no credit for winning a match, espacialy if you take wait time between bg´s into account.
But if you one of thos grinding valor to get to rank 60 why care for warzones anyway, while you just afk farm ilum 50 to 60 in 3 Days.
I for my part like winning espacialy against my own faction, what i dont like is running in circles smashing buttons for no reason or standing in a 200 men croud pressing 0 for buff every 6 sec while checking facebook.