To me the key to the '04 TC has always been that on a dry surface going 12f, Smarty Jones was simply not that much better than Birdstone....if he was even better at all under those particular conditions.
Clearly Smarty was the superior animal overall. Smarty was, I believe, vastly superior to Birdstone at any distance up to and including 10f. He was also vastly superior to Birdstone on an off track. But at 12f on a dry track, he was NOT vastly superior.
Therfore, when Smarty was faced with an unfavorable pace and position scenario like he was that day, he couldn't defeat Birdstone.
When people that say that JB "cost Smarty the TC" with his ride on Eddington that day, I think they are really simplifying what happened to the point of absurdity.
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