Well, this year there's like a 6-way favorite for the predicted conference champ this year. Imo, the champ is as likely to have 4 losses as 1 or 0.
Certain program(s) would rise to the top over time, if the college football landscape were to remain static, but that's not happening. The moment an Okie St or K-State strings together a couple of top seasons, FSU or Clemson or somebody will come in an wreck everything for them.