Regarding shoe's 55/45 question, two points:
First, you really can't define the parameters of the model by the outcome, it has to come in the other order. In other words, you can't say the team "should" win 55% of the time, how much do they win? If the model says they should win 55% of the time they win about 55% of the time. If they don't then they aren't, by definition, a 55% win team. So this doesn't really mean anything.
But I understand what you're asking. You're asking "how much would a team that would have won 45% of the time against a certain opponent without forced regression win with forced regression." The answer to that question is also 45%. Keep in mind that this effect only kicks in during significant outlier events, IE in the tails of the distribution. A 55/45 matchup is pretty even. What you have to remember is that the 45% team is just as likely to experience a negative outlier half and experience positive regression, and the 55% team just as likely to overperform and experience negative regression, as vice versa. When the distributions are largely overlapped these effects basically cancel one another and the overall distribution of game outcomes is pretty similar. All you'd really observe over a large number of simulations would be that the largest margins of victory would tend to be smaller than they would have been without stat corrections. If you plot what this would look like in terms of points per possession, it looks something like the top half of this figure:
What bringing outliers back towards the center does is shrink the tails (to the dotted lines). When the distributions are largely overlapped - and in fact, that top distribution is a bigger split than 55/45, a 55/45 matchup would be even more closely overlapped - it doesn't affect very much in terms of long-term winning percentage. But when the teams are more uneven, as in the bottom panel, you see the probabilities are significantly reduced. It may turn 80% into 90%. It may turn 90% into 97%. But at most it turns 55 into like 55.5%.