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I seem to think that ranking in google comes first then comes the page rank, on the next update does Google then take notice of the rank and upgrade/downgrade the page?
I know thats way way to simple in reality but assume its just a matter of page rank affecting pages.
If tis isnt so whats the point of page rank?
That being said, the PR of a page is usually cheek and jowl with the serps, because they're part and parcel, neither chicken nor egg, (more like parthenogenesis), and this will usually result in a higher PR page outranking a similar page that has similar on-page/title kw ambitions, if the content is equal. The backlinks will swing it.
In anticipation of reaction from some here who proclaim to have PR7's, but were disappeared in Florida, I should add that your PR7, courtesy of suspect recip-linking schemes, might eventually turn into a solid white bar to accurately reflect the status of your vanished pages.