I'll take it as Florida had a chance to schedule a quality non conference opponent and passed, opting instead for a 2-9 I-AA team!
Also, Michigan beat Wisconsin and Notre Dame. I would say those quality wins are better than LSU and Arkansas (translation: Tennessee and UGA are not quality wins).
UF's game against WC is irrelevant in this conversation.
The bowl games will prove which were better quality wins. UT and UGA are better wins than UM has for their 3rd and 4th best win.