I realize that we are NOT dealing with College Football standings, but rather College Football rankings...but somewhere along the line, the notion of one's record HAS to matter. Three losses, no matter who to (whom to?...NAH...sounds off) has to be given weight against a record with two losses.
Back to the idea of standings versus rankings, when an NFL team has three losses and another one has two, the team with two losses finishes ahead in terms of playoff eligibility/seeding...again, I recognize the difference, but records have to mean something when final decisions are being made...