OPS seems, to me at least, to involve some arbitrary double counting that has little to do with the relative success of the hitter. A guy who singles gets two bumps in OPS -- one for reaching base and one for the total base that is added to his slugging percentage. This makes (to me at least), the value of the single something more than the value of a walk, all things being equal. I realize that SLG discounts the walk in the denominator, but I've never understood the analytical value of double counting the fact of reaching base and achieving a specific number of bases.