WAR and the subcomponents use a moving baseline as the fundamental comparison, designed to account for a number of era differences and normalize to a comparable figure across eras.
The effect is to significantly lower 19th century pitching WAR, to make it comparable to other era's. It still comes out on top of the seasons list largely by virtue of the guys who were really 1 man rotations in a 2 man rotation era, but by a much smaller margin than it would otherwise. This is why Radbourn, who dominated for 678 innings, is far less than twice as valuable in war as Gooden who dominated in 276 innings.
Whether this is good or not depends on purpose and perspective. Obviously, a pitcher who leads the league in run performance rates and hurls 500 innings is innately more valuable than a pitcher who does it for 200 innings today, the value of a particular player at pitcher is much less today than it was then, as the game has changed and pitcher is no longer a one/two man show but a whole rotation with relievers. The position is equally, perhaps more important, today but the large roster of guys on the mound devalue any single pitcher. WAR attempts to contextualize the performance to the time in which that performance occurred - 19th century pitchers receiving the most punishment as a result, so that we point to a guy at #4 and a guy at #15 instead of a list much closer to the innings leaders list.
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