That's fine, and it's also a distinction that makes no difference.Anything that codifies P5/G5 is lame, imo. Top six conference champions gives you the same result without the stink of a caste system.
The SEC also-rans get their shot at Alabama every year and they always fail. As a fan, I'd like to see Alabama or whoever comes out of that league play some other schools.
CFB is turning into a regional sport at this point, which is fine with Greg Sankey but shouldn't be fine with anyone else.