I agree with alot you've said X .. I'll take a horse at 2.40 but it would need to rate a good deal higher than the next horse in the race..
Scenic Assault and Daka's Gem both Wa horses that usually start at very low odds have been good to me....I trust the shorter priced favourite over there and Sa as the pool of horses are smaller and the form is alittle more true..easy to rate the race aswell..
I think the key word is value....and as Sportz said Graphical at 1.60 was probably just that..
Personally i love the short priced horses running around..it helps with the odds on my selection..i dont have any fears taking on Shorties that i dont think deserve to be...

Have a couple running around tomorrow.
Gosford
*Walarah Boy (good track)
Ipswich
*Moonbi Nymph, *Aretino
NZ
*Jezadane

Confident about Moonbi ..will be my first full stake selection for a week and a half....should of won last start but got smashed..has been scratched from SC to target this race ...was close up to Natural Blitz in a barrier trial not to long ago..Katsidis knows the track well...others are ordinary..

Good Luck All