You or I can't say what was in the minds of The Ring's ratings panel at that time. Based on several other examples including the Hopkins one, I think the fact that De La Hoya was considered an all time great fighting at his peak was a much more important factor in their minds than the fact he had moved up. You don't, and I guess we'll have to agree to disagree on that.
Manny was already rated #2 when he beat Morales, and he got his #1 rating as soon as Mayweather retired. He solidified his #2 ranking with the second wins over Barrera and Morales, and the wins over Larios and Marquez. If he'd remained at 130lbs, I'm pretty sure he'd still be ranked #1, as long as he'd continued to win, and to fight impressively.
Pacquiao would probably KO the (currently) second highest ranked Jnr Middleweight in less than 5 rounds (that happens to be Timothy Bradley). My point about the Hatton reference to Hopkins is simply that beating a truly elite fighter who has recently moved up to your weight has on at least one occasion given a fighter the #1 P4P ranking, even though that fighter had never themselves moved up in weight.
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