I think, a coin as you have described would have a grade some where in the middle. The better grade reverse would bring the overall grade just above the lower grade obverse.
Grading wheat cents is not that simple. If you graded using just the reverse, most of the 1922-D's would fall into AG-G because the reverse is so weak. A coins grade depends on BOTH sides of the coin and the amount of wear is determined using both.
The one US series I'm familiar with, Indian Head cents, weights the grade towards the obverse details, barring any problems on the reverse. TPGs confuse the issue when they nudge grades up on high-value coins, like the 1877 cent.
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