This nails it, and is why I hate the playoff system. There shouldn't be automatic bids, and there should be some sort of computer program to determine rankings, not some ridiculous "committee" of people, all with biases and axes to grind.
My problem from the beginning has been making the Power 4 conferences "equal", as if a P4 win or loss is a P4 win or loss. The Big 10 is treated as the SEC's equal despite there only being two legit championship contenders, two pretenders beating up on pathetic schedules, and another 14 teams that are garbage. And yet, that conference will get four teams in unless IU is blown out next weekend, which I'm betting won't happen.
The only way to do a fair playoff system is with computer generated rankings and all 12 spots being 'at large'. Conference championships can be considered as one of the top parameters, but shouldn't be automatic. All it takes is a Colorado or some ACC school winning a title game and getting in over a better team.
Better yet, go back to the 2-team BCS, when a 10-2 top 10 finish wasn't considered a 'failure'.