He will get there. He's a prodigy and he has all of the mental/physical tools to be a perennial Pro Bowler.
In terms of the production, there are a lot of variables. Luck played on a bad team last season and threw the ball far more often than his fellow rookies, which probably goes a long way towards explaining why his efficiency stats didn't compare to guys like Wilson and Griffin. Stick either of those guys on an awful Colts team and force them to throw every down and they wouldn't have done any better. As Luck matures and as the supporting cast around him improves, he will only get better.
Did Wilson and Griffin have much better supporting casts on offense?
Is pass efficiency inversely related to passing volume?
Luck- 11 wins
Tannehill 7 wins
I guess you think it was the Colts vaunted Defense and Special Teams that was more accountable for the wins? Or maybe the 4 rookies at the skill positions? (TY, Fleener, Allen, and Ballard)
When the NFL starts giving wins and losses for passer rating, you'll have a case. Until then...
Wins are team stats, not player stats. Also, the Colts defense may not have been that great, but they did hold their opponents to under 20 points or less in eight of their 11 wins, so there is that.
Anyway, to answer the question, no, Luck is certainly not elite yet, but he probably will be before long. He just isn't yet. And anyone saying he is already needs to have their head checked.
Team wins really are based on the makeup of that team. How many wins would the Colts have with a another Vet QB who isn't already an established elite one in 2012? Would Rex Grossman starting 16 games with the same team Luck had get them to 11-5?
ETA: the Colts also had a HUGE part of their season without Pagano. They now have made a real smart move in getting Hamilton as OC. Bruce Arians did a helluva job in Indy, yet the Colts did not lose in either way because they have a legit franchise QB who really did have an impact as a field general.
Team game? Franchise QB's make a lesser team better. It's not whether Luck puts up "Elite" numbers in today's NFL offenses like Matt Stafford has the past two seasons, where Stafford may even eclipse the 800 attempt number which is insane. IMO Luck attempts will be less with Hamilton as OC, but with a greater percentage regardless of the makeup and progression of where the Colts FO is building around him.
Ultimately stats don't really reflect Elite or Team. Advanced statistical metrics will always have the basic fundamental base mathematics of the effectiveness of blocking and tackling. If every team had the same quality in the trenches in both offense as well as defense where football plays really start, then you would may not need a franchise QB.
QB's matter in today's football. Everything in the game is skewed towards QB play. You may have a team where even Terry Bradshaw can win in this modern era, but it's still a QB driven league.