I wouldn't use power ratings. Things I would probably look at:
1)
http://www.usatoday.com/sports/nba/sagarin/2013/rating/2) SRS, which can be found at b-r. I think I saw somewhere in this thread you mentioning you weren't aware of SRS. SRS is "simple rating system". It takes average point differential (MOV) + strength of schedule, which is measured as average opponent MOV, and it sums them together. There is bound to be a blog post somewhere that gives home court advantage, expressed as pts added to SRS to serve as game predictors.
3) Vegas betting lines. There should be places to find the old closing lines prior to NBA games and quite possibly some place where that information is free.
In terms of predictive ability, I would assume Vegas Lines > Sagarin > SRS.
Sagarin should be superior to SRS because the model is iterative, so it looks not only at your direct opponent MOV, but a team's opponent's opponents, and their opponents, etc until equilibrium is hit.
Vegas should be superior to Sagarin because they effectively use Sagarin and then adjust lines up or down for information the model does not know: injuries, recent slumps, recent locker room discord, etc. It can at least subjectively weigh evidence that Sagarin does not know.
A reasonable goal for you would be to devise something that comes out somewhere between SRS and Sagarin in terms of predictive power.