Well surely the counterargument to your point (which has some validity, I'll agree) is that there are half a dozen clubs below us at the same time that Brentford are marginally ahead of us. Have we shown we are better than Norwich, Burnley, Newcastle, Leeds, Southampton and Watford so far? The table says yes, even if some of our individual performances say no.
I'm not happy with our league position, because I want us to be higher up the table. HOWEVER, I am not blind to the fact that our squad is paper thin, and even with average injuries / suspensions over the duration of the season I'd be be pleasantly surprised if we finished 10th.
The critical factors for the rest of the season are:
1) can we keep all our key players (Pickford, Mina, Godfrey, Coleman, Digne, Allan, Doucoure, Townsend, Gray, Richarlison and DCL) fit and available for 20 of the remaining 24 games? Yes, ALL of them. And let's not argue if they are each good enough to be classed as key players: until better options appear in the squad, the names I've mentioned are our best starting 11.
2) Can we somehow add some depth in January? If we can bring in a better RB and move Coleman to backup status we get a big improvement in the team as a whole; if we can bring in a decent CM on loan we can better manage the workload for Allan and Doucoure. So on and so forth. The problem with the depth question is that we HAVE to generate some funds, and some salary space, by selling some of the likes of Delph, Gomes, Gbamin, Iwobi, Keane, Sigurdsson, Rondon and Tosun. Having huge salaries on the books is crippling us.