Other than AAU status there seems to be two main metrics that universities are compared by. Their Carnegie classification (measures research activity) and the us news and world report (very flawed). Compared to the universities we would like to consider our peers on the field we are way behind in both areas and that matters although it's not everything. Right now we are rated as an R3 by Carnegie which is the lowest research rating. Considering we just received this rating within the past 5 years which made us a "national university" I would say we are making real progress. The link below gives you an idea where we need to be and that's as an R2 in the shorter term with R1 being the long term goal. This seems very achievable with our resources. Historically we haven't been a research university but that seems to be slowly changing. Christians have always been on the forefront of science and research, I think it is important for liberty to remind people of that.
Right now we are ranked in the 299-391 range which is essentially dead last among national universities. We don't need to game the system like many universities unabashedly do to move up in the rankings but if we can get somewhere in the 150 range that would put us near the bottom tier of P5 schools. If we can accomplish this it will help us avoid the Boise St treatment where they would likely be in the pac 12 right now but don't have the academics.
Compared to several G5 schools we are doing better in academics based on the above metrics but we should always strive to be better. If we aspire to be among the P5 and mentioned in the same breath as notre dame and BYU we should act like it in all facets to include research.
"OT: The Carnegie Classification of Institutions of Higher Education - 2018 Update"
https://csnbbs.com/thread-867459.html