Fair question, but it misses the important distinction that they are in two, mutually exclusive categories. It's not big versus small or national versus regional (there's a separate USNW list for that) -- it's research university versus small liberal arts college. They have different goals, different missions, different student profiles, grant different degrees.
But to answer your question, Davidson would probably outperform a lot of highly ranked schools in categories like student-faculty ratio, retention rates, undergraduate teaching, access to faculty, alumni engagement, even student satisfaction. But they would also score terribly in categories like research grant acquisition, doctoral degrees granted, endowment, international faculty, etc.
What it took me many years to realize is that wake is incredibly unique in the way it combines the qualities of the R1 and SLAC models. Our relative lack of research hurts us some in the national rankings, but our smallness and teaching-centered focus makes us attractive to a certain kind of student. We wouldn't be eligible for the SLAC list even though for most wake Forest undergrads that's the experience they actually get.