My hot take is that there really weren't that many "overrated" F5s in the 40 years between 1950 and 1990. I am pretty confident these weren't:
Vicksburg - 12/5/1953
Belmond - 10/14/1966
Wheelersburg - 4/23/1968 (this one was borderline based on damage pictures)
Spiro - 3/26/1976 (although tossing 134,000 LB coal rail cars is pretty impressive)
Brownwood - 4/19/76 (it did cleanly sweep away homes, though, and shred mesquite trees so F5 doesn't sound crazy)
Broken Bow - 4/2/1982
Then we have more debatable ones:
Both 5/15/1968 tornadoes - Charles City and Oelwein - were rated F5 by Grazulis. I have not researched these. Homes are described as having been, "swept completely away" in both.
The Delhi, LA 1971 tornado is controversial but pictures posted in the significant tornado threads indicate both it and the Cary-Tillatoba, MS tornado were indeed QUITE violent.
5/6/1973 Valley Mills is accepted as an F5 by most major sources (including Grazulis) solely on the testimony of "wind engineers" who were extremely impressed by the strength it demonstrated in blasting pickup trucks through their.
Several of the 1974 Super Outbreak tornadoes would, of course, not be EF5 today but they were all (based, again, on what I've seen over the years in our significant events thread) certainly F5.
Fort Rice, ND (5/29/1953) was originally rated F4 by Grazulis, but he later upgraded it back to F5. "A large church was leveled and its pews were driven 4 FT into the ground. Parts of a car were carried for 1/2 mile." The church was a Catholic one, Immaculate Conception, and while those are often built very solidly, I don't know how solid that one was. Doesn't appear it was rebuilt (which implies the parish got consolidated or something). Truth be told, there's just not a lot of info on this one, at least from what I could find.
https://www.tornadotalk.com/fort-rice-nd-f5-tornado-may-29-1953/
Plainfield 1990 is pretty controversial but it did scour the ground extremely and toss a fully-loaded semi over half a mile.
On top of that, we have the fact that several tornadoes in that period were underrated. Several from Palm Sunday '65, of course; Stratton, NE and Bakersfield Valley, TX in 1990; Custer County, NE in 1961; a few others.
I tend to think Buckeye had one of the best standards (because it's simple): cleanly swept house + extreme contextual damage = an extremely violent tornado, e.g. F5/EF5. So my second hot take is, tornado ratings will always be hard to do. But what we need is common sense. Some tornadoes were definitely overrated 1950-1990, but it seems like common sense was reasonably applied. And by straight common sense, we are obviously missing, in my opinion:
2011 - New Wren and Tuscaloosa; Goldsby and Washington
2014 - Vilonia
2015 - Rochelle and Holly Springs
2016 - Chapman
2023 - Matador
Plus *potentially* but most definitely not *certainly* another 9 (Washington IL, Louisville MS, Stanton NE, Pilger x2, Alpena SD, Camp Crook SD, Bassfield MS, Mayfield-Bremen)