I did this project this morning, where I looked at every major leaguer’s 2007 stat line and ranked them according to Batting Average, SLG, OBP, OBP-Batting Average (more on that in a minute.) Then I calculated the standard deviations of each data set, then I ranked players who were +1 or +2 standard deviations above the category mean. Then, I calculated the correlation coefficients for 12 different offensive metrics(correlated to runs.)

See, I’m totally not making this up. FreeRunn is the sum of BB, HBP, and IBB. And if you don’t want to lose, don’t get caught stealing a bunch.
Then based on that calculation I weighted OPS so thta SLG got a tick more weight than OBP because SLG tends to correlate to Runs a bit more than OBP. Then I created a weighted OBP that prioritized BA slightly over walks and other non hits (because hits correlate more strongly to runs than walks or HBP or IBB.) Ok, then i re ranked all the offensive players from 2007 using a new weighted OBP and weighted OPS and I found out, after all that, that Alex Rodriguez and David Ortiz are really good hitters.
Just for fun though, the top 6 players based on my weighted OPS metric are:
Ortiz: 1.112 (Regular OPS 1.066)
A-Rod: 1.112 (1.067)
Magglio: 1.089 (1.029)
Chipper: 1.081 (1.029)
The one who got away Pena: 1.027 (1.037)
Matt Holliday: 1.070 (1.012)
The conversion hurts Pena, and helps all the other guys. I should point out that this analysis is all bunk because I didn’t adjust for park, or league.
I should also point out, because I think it’s cool, that Chipper and Magglio were the only two players in baseball who were more than 2 standard deviations above the mean in the following categories, BA, OBP, SLG, OPS.
Finally, I realize that above I promised more on OBP-BA. Here’s the thing, if you had 2 guys with .450 OBP you’d be like, holy crap my payroll is going to be HIGH. But if you wanted to know which one to keep, wouldn’t you want the guy whose OBP was more made up of hits. I would because hits are sometimes doubles or triples, and walks are always base cloggy singles (kidding of course.) But you always only get 1 base on a walk, and dudes never go first to third on a walk. So, love OBP, it’s my thing, but I love OBP that is a result of hits slightly more than OBP that is a ton of walks. Like I’d rather have 2007 Magglio than 2007 Helton even though they had identical OBPs because Maggs had a higher BA, higher SLG…so I was just trying to isolate those guys that have OBP that is more a function of hits than non hits. I realize too that BA is pretty variable year over year, and that’s why OBP is better from a planning standpoint. But Hits correlate more strongly to runs than walks do, at least in 2007 they did.