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I disagree, there could be problems:
Since any portal user can host an unofficial tournament, and in unlimited quantities, the following situation is possible:
A player creates several tournaments at once (let's say 10).
By the way, a question for IronAxe: how will he update the rating in such a situation? For each tournament held? Yes? Then this player and team will always be at the top of the rating table.
At the same time, they may not even play in official tournaments, because they will easily accumulate a high rating from their own tournaments.
But if we talk about the fact that the more games a player plays, the higher their rating may be, this is also true in other systems. I'll explain: tournaments in Heroes 3. Only official players play, and we only count the rating for them (as you suggest). So, after 10 tournaments, there will easily be a difference among the players in how many games they have played - some will play all 10, some 7, some 1 (a beginner), and some 0 (just came to the forum). Which of these players will have a better chance of having a higher rating? We will calculate it based on the average per number of games :) A player with one game and 100 points will beat everyone :)
And what will change if we also count the rating for unofficial players with a quorum? My system can handle this problem as well, even if not perfectly :)
Added 5 minutes ago
How so? That's exactly what we're talking about... :D
Well, your position is clear.
But I still hold a different opinion.
I think we should wait to see what VDV_forever has to say about this.