The main thing is though if Celtic and Rangers were in the PL they would probably be able to compete as better players would join them. They would probaly have more chance of staying up than the likes of the Norwich's, Derby's etc.Seemed a lot more prestigious with 'bigger' teams taking it more seriously back then, to me anyway in the late 90s/early 2000s.
May be wrong but that would have been middish table from that era but they were significantly closer than anything recently.