That's basically it, plus it struggles with confirmation bias and the average consumer wants to defend what they have purchased, which is why the more a vehicle sells the more popular it is and the more positive ratings it gets as shown in the video. Plus, they seem to reward the vanilla and hold on to issues long solved by specific manufacturers. They also ignore recalls...
I would disagree with both statements. Those statements are the definition of confirmation biases. You don't agree with CR results; therefore, their methodology and results must be wrong.
I understand they are not the only source for reliability, but they have the greatest amount of data than any other source. It's like looking at an Amazon product with 5k reviews vs one with less than a 100. And the fact that they disregard a brand or model due to lack of data is a good thing. That means insufficient data won't change the numbers.
All they do is send out surveys with very simple questions: Did you need to have something repaired in the last year? What system was it? That's pretty much it. Can respondents lie? Of course, but are we going to say more Subaru respondents lied than Ram respondents? And if you drill down into their data, they reveal that only 1% of respondents have "powertrain" issues, 3% have "infotainment" issues, etc. Meaning the brands are really that close together by actual amounts.
Do I wish they drilled down deeper into specific model configurations? Yep, but then they may not have enough results to truly say the Ford 5.0 is more reliable than the 3.5 when there are so many more 3.5s than 5.0s out there. So, everyone would tear them apart for it.
And watching CR results vary over the years makes me think it is more legit, not less. The fact that Honda was always the most reliable brand, then Toyota, and now it's Subaru.
I don't care as much for their reviews because they don't have the same values that I do or needs that I do, but I find it hard to argue with their reliability rankings. As long as you understand the difference between #1 and #10 may not be that far apart.