There's no reason to declare an outright champion, just do it like every league did until they split into divisions, call them co-champions....because that's what they are. Why should the winner of the HTH team's loss not essentially not count, it was a conference game just like all the others. In every other sport if two teams tie for the best record in the league, they either play it off with another game or consider them co-champions. In basketball if Kansas goes 16-2 in conference play with 2 wins over Oklahoma and Oklahoma goes 16-2, they share the regular season conference championship. And that's how it should be.
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I have no problem with split championships, as I also prefer that. Just that everyone in power seems to think that a single champion is necessary and for that scenario, H2H is the best option.
In your last sentence you're suggesting OSU wasn't one of the best 4 teams? Did you not watch them manhandle Alabama and Oregon in the playoffs? TCU fans like to point out that our hammering of Ole Miss was proof that we were one of the best 4 teams. Well, why can't that same logic be used for OSU? I've said this before, as everyone on here already knows I'm sure, but I don't know why OSU is the target of all the bitching. They had a better resume than Oregon, and I think pretty much proved they were a better team than Oregon. But nobody here wants to complain about Oregon, I guess because they don't quite fit the "ESPN is in the tank for the Big 10 and blue-bloods" narrative.
If anything, if the CFP committee should be getting ridiculed, it should be for having OSU #6 (or #5, whatever it was) prior to the last week of the season because they were clearly much better than that.
I think FSU was the worst team (Oregon next), but they were undefeated and I would not have kept them out. As far as OSU, you are using games after the decision to justify the decision - that assumes they can see the future. Before the playoffs, OSU's resume was not better than TCU's, close but not better. The B1G was very down that year. I try not to assume based on hindsight what the decision should be based on facts at the time. Same as when I laugh when people say Louisville should have been invited with TCU and WVU.
PS. This sight is a royal pain to post on when only some the letters I type actually show up and auto is changing some words. Only on this sight.