Possible, although I think both TCU and Baylor have a better body of work.
Either Big 12 co-champ definitely has a better body of work than the Big 10 champ, but we're talking about Ohio State's brand against Baylor and TCU. I'm worried the committee will use a big OSU win as an easy way not to have to settle the Baylor/TCU debate and, more importantly, to get another huge name and fanbase into the Rose Bowl.