I agree any "ifs" change everything but and a big but, then statistics shouldn't be used under your theory as they are pointless. Several stories I have read pointed out that TE had a 142.2 QB rating and even noted that it was so much better than Peyton Mannings I think one said almost double! LOL... I'm sure we both agree then we'll trade TE for Payton ASAP!!
... For what its worth, throw out TE's TD and his rating drops to 63.3. I found this easy way to answer my own question... http://www.csgnetwork.com/quarterbackratecalc.html