UFC Unleashed yesterday - Royce Gracie (Gracie vs Hughes coming soon)

[Performify]

Yeah rounds were timed, but I'm pretty sure the fights were unlimited time - meaning the ten minute rounds would keep going as long as it took for someone to get KO'd / surrender. That's what I meant there.

I don't really know that much about which of the Gracies was regarded as the best at the time, but I'm very sure that Royce was chosen primarily because he was the smallest. As you say, they were very confident that any of them could take down just about anyone at the time, and so they chose their smallest (not necessarily weakest, just smallest) fighter to make that much more of an impact. The "holding back Rickson" makes sense though.