As the reigning #1 on the PSN Ranked Leaderboards, I think that ranked is terrible and should be avoided after you have gotten that beautiful A1 emblem. Don't even bother with a patch, just either avoid it altogether, or get your emblem and get out. It's that simple. Compare my Player Match record (750W 650L more or less) to my Ranked Match record (700W 40L more or less) and it tells a completely different story as to who I really am as a player, and how good I am.
You cannot look at these things in a vacuum, either. Look at my ranked record alone and I look like some demi-god of Calibur. Look at my player match record alone and I look like a fairly decent player. Combine them together and it's "obvious" that I just boost and fish for low level people in ranked - or so you would assume. The reality is I play every single challenger in ranked, and spend most of my player matches against Ramon, Partisan, Xeph, and others that I consider near or above my skill level.
In essence, ranked doesn't mean shit, except that the A1 emblem is fucking cool looking and tells you that I am at least as good as the steak sauce is delicious.