I see the argument a lot that because he's in the HHOF, that should play a huge role in whether or not his jersey is retired here and I disagree with it.
What's Luongo's greatest accomplishment of his career? Winning gold in the Olympics. The HHOF takes into account international success, the Canucks rafters don't.
I believe's he's the best goalie in our franchise history, but I don't think that's enough. We had a lot of great regular seasons with him, one big playoff run, but not enough sustained playoff success even during many successive seasons where we were tops in our division.
Ring of Honour is appropriate.