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I don't think Americans feel FIBA is second rate. Because exposure to Fiba rules is very limited in the U.S., it's just different and with anything different or new comes a bit of scrutiny or skepticism...it's just human nature. Not everyone has the ability to see something different than the norm and be receptive to it right away.
In Canada (probably the most similar country to Australia), we have multiple sets of rules. I work 4 different sets of rules. Two sets are FIBA based with some modifications and the other two are NCAA based with modifications. I grew up on FIBA rules, but having the opportunity to learn NCAA rules has changed my opinion. I, along with many other refs, coaches, and players prefer NCAA based rules to FIBA.
So without knocking FIBA rules, I'll simply side with my closer neighbors to the south.
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