I agree with you that Tito would lose to Jones, Jones is just simply too good and after the fight (Tito vs Jones, if it ever happens) he will be placed back in #1 P4P as he should be. I think people are going with Tito to win because Jones has not been against anyone that can show his true talent in a long time, but it is still there and it will come out if he faces Tito.
Still no disrespect to Tito I think he is definetely #2 P4P right now I just think Jones is way above him.