Well, you used the singular, so I wasn't sure which one you meant.
I'm certainly not in a position to do what you suggest, anyway, for a few reasons. First, I'm biased toward particle theory too, so I don't have a big problem with the physics Nobel. But plenty of people consider more applicable or other results just as important, and I don't consider their opinions absurd. Second, because I'm more into particle theory as I just said, I can't evaluate who should have won in other areas -- I've heard people discuss it and they made a case, but I just can't remember.
Easier, though, is in the particle side, the bias of theory over experiment. Again, I don't strongly disagree, but it's clearly there. If somebody predicts a phenomenon, and then somebody else designs a clever experiment to test it, the Nobel will almost always go to the former. An oft-cited egregious example is Chien-Shiung Wu.