Like I said in my previous posts, I'm also a fan of xG and I quote it occassionally myself. It is useful in proving a certain point (e.g. a more clinical finisher, a better shot stopper etc.) but it's inadequate to summarize a team's overall performance. It's annoying to see people misuse/misinterpret it, view it as a sacred prediction tool, and jump to conclusion solely based on it. You, in particular, suggest you could easily predict Leicester's fall early in the season, without any reference to their recent switch in formation, absence of players and dipped form of players which are the actual reasons to their late drop.Now you're just being facetious.
As I said I don't know the factors involved in Leicester's PL winning campaign but over the course of that season they outperformed xga by something like 9 goals which is not unheard of. Just look at Newcastle, Wolves and Sheffield United this year. Although many people were wondering if Leicester could keep it up that year. As it turns out that they managed to stay ahead of the other teams.
In the early part of the season both Leicester and Vardy were outperforming xg at an unprecedented rate and Rodgers was the second coming of Christ. After 11 games or so they were +12 on xg and -5 on xg against. This appeared to be unsustainable especially for a club like Leicester, given their over-reliance on Vardy, squad depth etc. They weren't creating a huge amount of chances and teams were creating chances against them.
Of course Vardy could have continued this performance and finished the campaign with 35 - 40 league goals and they also could have continued in the same vein defensively and ended up with a lower goals against figure than Liverpool with a much higer xga but that was unlikely.
Xg is just a metric like any other and gives us more information. I don't know why you're so bothered by it.
As others have said it's not perfect and should be taken in conjunction with all the other data to give us a better overall picture of what is going on.
Now you're just being facetious. For example (Leicester this season) that favors your point, you have plenty of explanations; for example (Leicester in 15/16) that suggests the opposite, you don't know the factors. The reason your argument falls flat is that you completely neglect the possibility a team/player could outperform the xG/xGA for a long enough period of time, and it is not highly unlikely. It is also not uncommon for midtable sides to finish the season overperforming by >10 xG, such as West Ham in 17/18 and Everton in 16/17. Tottenham had also tried twice in recent years with limited spending. I don't see why Leicester couldn't do the same if they hadn't lost their good players and momentum at the end of the season.
At last I'm glad that you finally acknowledge the limitation of xG and you start to incorporate some context of the game to your argument.