facaldaquiHoop Blah Before Woy took over, the Swiss national team hadn't qualified for a World Cup in 6 attempts (from '66 through to '90). He got them into the '94 tournament on the back of one defeat (away to Portugal, they beat and drew against the Italians).
They'd never qualified for a Euro's in their history. Under Woy they qualified comfortably at the top of their group, having lost just one game (away to Turkey). He left before the tournament to take over Inter Milan though and they finished bottom of Englands Group, losing 2 and drawing one (against England obviously).
I think that looks like a decent record and the result of good management.
The distant past is the distant past. So would you have McGhee back as Reading manager?
McGhee has pretty much consistently failed since then. Hodgson has largely been a success, barring a couple of exceptions like Liverpool of course, and has had another successful stint at international level as well (Finland, although you could say UAE wasn't a success, but I think that would be unfair considering the resources available).
The Swiss job is probably the best yardstick for this job and so perhaps a bit more relevant don't you think?