I think a lot of us are severely overrating Peru, they're better than us but they're not God's XI or anything. Reid is 100% in the top three players, if it wasn't for Farfan's return to form Reid would be the best on the park on paper. He's also playing for the biggest club out of anyone in either team.
I don't think you can over rate the 10th ranked team in the world (whatever you think of FIFA's ranking system), and a team which has come through an ardous 18 game qualifying process in the toughest confederation there is.
If anything now AWs fans are getting a bit optimistic, playing a South American side without any big names. Lets face it most of us would be lucky to recognise any one Peruvian player, if he was quietly walking the streets of NZ.
However I imagine they are going to be better than we anticipated - a team Aristotle may have had in mind for 'the whole is greater than the sum of its parts'. They sound very experienced, well drilled, match hardened, united and mostly settled. I don’t think our two top CBs - Reid and Smith - have played a game together in years, let alone a massive competitive game, where they need to get their timing as a combo perfect.
We have some very average players (who may become better players). They'll have none.
We are a chance esp in the first leg of course, but over 2 legs Peru are huge favourites.