I feel the "moneyball" aspect of this story is overstated. The principal drivers of the Indiana success story are, 1: Talent evaluation and development. 2: Outstanding on field execution. Put another way, coaching is the most important part of the Indiana equation. I imagine you switch the Indiana coaching staff with any other staff in the country, and you'll watch the results follow Cignetti.
The "production over potential" at its extreme would be a team that exclusively fields JR's and SR's for the roster and abandons high school recruiting entirely. Again, the "evaluation" part of the equation is key. I'm guessing there are a ton of high production guys Cig looked at and correctly passed on. Other coaches trying to mimic Cignetti will fail at the evaluation part.