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Sellers:
http://www.tf2outpost.com/trade/27271125 - 1.7
http://www.tf2outpost.com/trade/27529981 - 1.8
http://www.tf2outpost.com/trade/27511908 - 1.8
Just one in the classifieds below 1.78, same guy with the 1.7 listing on outpost, and it was listed long enough ago that 14 ref was 1.8-1.9 keys. Still, even if it's just one, the listing appears to have been up there a good while, and an active trader, so hard to say it's not valid.
"If the change is less than 5%, you can make the suggestion but you must provide a rationale for why the change is needed." - Only 1 seller below 1.8, could easily be an outlier.
Elaborate on how it could be an outlier.
Looks like he sold it. I found another 1 key 14 ref seller though.
http://www.tf2outpost.com/trade/27511908 (2 weeks)
However he has the three day waiting period, so it is not a very good proof of drop. I would close the suggestion at this point, but it is your call.