Man, did I drop like a rock in GRv2 "Classic" games (#51) vs GRv1 Classic (#4)! And it's not just from inactive players. For example, I'm 94(!) spots ahead ahead of "serginss" in GRv1 Classic, yet he is ahead of me in GRv2 Classic!?!

I'm going to take a wild guess and say that you're counting live games in "Classic", whereas GRv1 has classic non-live (I've bombed many live games where I couldn't get my timeclock right, and I play even more terribly when I only have 3 minutes per turn.)
Any chance you can break out "live" games, which are a totally different animal (for me at least).