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I agree completely that Featherweight is a wasteland. However, the OP's question was whether the Invicta belt was just as legitimate as the UFC's belt.
The answer is simple, the UFC belt is fully legitimate in that it represents a division with the vast majority of the best talent the weight class has to offer, and is defended by a champion who has taken on the majority of the highest rank challengers at the weight class. Invicta's is not.
That's without even getting into discussions of value of the belts, economic differences and market presence between the organizations, or that the UFC belt is known and recognized by huge numbers of people and the Invicta belt is obscure and unknown.
Well, I'm not so sure. Who are these top level 145 women that are not fighting in Invicta?
EDIT: Actually, I just checked fight matrix and you are correct. Several girls in the top 10 are fighting (or have been) in Bellator.