I guess it depends on how the card actually looks. I have a few graded cards in the low scale and depending on the company, they grades vary greatly. I have some really nice 1's and some dogs that are 5s!
I didn't check on the Ford number, but assuming James is correct that this is card #1, I would say the same thing. The 1952 Topps Andy Pafko is a perfect example. There is not a chance in hades that the Pafko is much better than a semi-star at best, in that set. His card in any grade other than something extremely nice and high end should rival those of other similar players in similar condition, but since he is card #1 in that historic and oversized set, he is often overpriced severely for low grade copies. His extremely high card value in this set is strictly based on being in top shape, not because he was Andy Pafko, semi-decent Dodger for a blur!