yeah, that's it exactly.
I wish I could make up straw-man fallacies as well as you. Will you teach me?
Good dodge of the question.
But since we are talking "fallacies" . . .
I just think the N1K is over-rated because it's not very fast and its 20mm ballistics are average. Secondly, the airplane only excels at furballing, and is more or less helpless vs. hit and run tactics in a multi-aircraft engagement. The most effective N1K pilots are great shots who kill with the smallest window of opportunity; I know when I've run into them because I end up in the tower. 
1) No one has ever accused the N1K of being fast. Therefore, its speed can not be over-rated.
2) 20mm balistics are well-known to be average
at best. So, who ever called them lazar accurate? Again, not over-rated.
3a) Only good in a furball . . . Well, to some that is the only way the game should be played, so how does that make the plane "over-rated"?
3b) The N1K carries enough ord to be a bona-fide threat against any GV, ergo your "furball only" comment is erroneous once.
3c) The N1K's guns are capable of easily killing any soft-skined GV, ergo your "furball only" comment is erroneous twice.
3d) The N1K's guns carry a lot of ammo and can easily take down buildings/troops/ords/dar/field guns/etc., ergo your "furball only" comment is erroneous thrice.
3e) The N1K's guns carry a lot of fuel and ammo which makes it an excellent choice as a base-cap / vulcher, ergo your "furball only" comment is erroneous four times.
3f) There are other things the N1K can do that are not "furball related" but I think the point has been sufficiently made.
4a) Helpless against hit and run tactics?

Perhaps only slightly less than the HurriIIC.
4b) "Helpless vs. hit and run tactics in a multi-plane engagement"? Just what exactly is your definition of a plane that is NOT helpless in this situation? I would suspect you mean planes with enough speed to run away from . . . er . . . "extend and reset" the fight? If not, please enlighten me.
5) Need to be a great shot in a N1K for it to be effective?

With 900 cannon rounds, it suits my "spray-and-pray" style just fine, thanks.

So, again, over-rated it isn't. It does many things well, especially in the MA environment. Even I can get kills in it, which must mean it is a capable aircraft. IMO it earns it's ENY 5 rating honestly.