Here is the problem with this. Who decides who all the top teams will be and where they play? What happens when one of the weaker teams ……..who hardly played anyone of importance suddenly has a decent year and gets in because of their schedule? We are then re-creating this scenario all for the purpose of trying to get rid of it. While so many people hate it......our present system recognizes those outliers and keeps them out.
Also, I'd say in a 10 team conference schedule and 14 teams, you avoid only 3 teams. Look back at my Nebraska example, where we would team #12 in the rankings from the prior year. I think it is obvious that we'll be better than team #12 in the upcoming season. We avoid teams #1, #3, #4 in our schedule; but, there is still a 'championship' game to be won. We'd have to beat the other top team in the conference to be considered for a CFP spot. If we win that and still are perceived to be the #5 conference champ because of our weaker schedule, so be it.
Still better than people arguing that Georgia deserves to be in because they "looked" good in their two losses to perceived top teams.