That's pretty much the summary I can agree with as well. There's 2 crucial variables that I hope someone can clarify:
1. What is the range of these purported 1000kg bombs they claim to have deployed? Or what kind of bombs would have the range of over 50km deployed from these mirages?
2. I saw some claims of fuel tanks dropped off at Balkot. Are these substantiated?
Regardless, I think India has their propaganda victory, and I don't see how PAF could have handled the situation any better than they did. They found a number of jets crossing the border, moved to intercept but did not engage as they weren't sure if they were attacking or merely testing their boundaries. By the time the attack confirmation came in, the jets were beyond range. Also keep in mind that engaging the jets could've very well crashed the Indian jets into their own territory where they could simply ignore their original attack and labelled us the aggressors. It was a tricky situation and I feel PAF did the best they could under the circumstances.