The Meteor is an elite understable midrange because it excels at not becoming uncontrollable at power. It will flip, turn, track right (rhbh), and or finish without burning into a roller.
Essentially, it has enough high speed stability that it has a controllable range in which it acts understable, unlike other mids in its class where they have a narrow range - like a light switch from being stable to becoming so understable that it burns into the ground.
This inherent desire to remain relatively flat even as it tracks right (rhbh), gives it sneaky distance and reduced rollaways once it does hit the ground.
Its closest competition may be the Axiom Hex.