I've always thought of "Outplay Potential" as the ability for a champion to outsmart their opponent, with outsmart usually being either avoiding what the opponent is throwing at them or setting themselves up in a better position to throw stuff.
Stealth is a mechanic with a lot of outplay potential, regardless of mobility attached. There will always be assumptions made about which way the stealthed enemy ran, and as such the stealthed player can go someplace completely different to outplay the non-stealthed. When you know there's a stealth champion nearby and your skillshot hits them directly where you expected them to be, you outplayed them.
I think too often the term "outplayed" gets thrown around when there's nothing that can be done in a situation. My go-to example is Karthus vs any assassin. Karthus can't hard CC them, he can't dodge them, he can't deal damage as fast as they can, he's pretty much at their mercy, but the assassin didn't outsmart Karthus to get into that position, it's just the nature of their kits.