Strewthcobber
Michael Lynagh (62)
This was published yesterday on the super rugby site, so looks like you were right to question itIt’s doesn’t really elaborate on how the ‘re-ranking’ is to occur though, or specifically state after been ‘re-ranked’ that 1st would drop to 4th.
I’ve heard conflicting things on that.

Super Rugby Pacific Qualifying Finals Confirmed
The three winners from the Qualifying Finals will be joined in the Semi-Finals by the highest-seeded losing team, coined the ‘lucky loser’.
The lucky loser will progress but drop one seeding for the Semi-Finals, to ensure a Qualifying Final match-up is not repeated in week two of the Finals Series.