Well let's just look at what's really going to happen. LSU will get the nod over both BSU and TCU, they're one loss but look at what they've played.
North Carolina 18, Vandy, Mississippi State, West Virgina 22, Tennessee, 14 Florida, McNeese State, one loss to 4 Auburn, 6 Alabama, 51-0 Louisiana-Monroe, Mississippi, 12 Arkansas.
They're going over both little guys and probably deserve it.
Then it would make a complete mockery of a few years ago, when the word was that if you couldn't even play in your own conference title game (or win your own conference), you don't deserve a chance at the national title.
I don't remember when it was, but I certainly remember that argument. I guess that argument only applies when it's convenient, huh?