The problem, for me, with SoS is how it ranks schedules for teams who played opponents ranked as follows:
50 40 60 30 70
100 10 25 90 120
An elite team should win all of any of those, but the latter schedule at least has two games they could really lose. For an elite team, your odds of beating #50 and #100 are not materially different.
Oh I agree. It is subjective exactly where the cut-off is, but below a certain level it just doesn't matter whether you play #101 or #141. I think it is best viewed in conjunction with "quality wins". Computer generated SoS is going to tell you something close to how good a team's average opponent was and that IS important when you are comparing MOV. MOV over 141 *SHOULD* be better than MOV against 101 but the record should be 1-0 either way.
I already posted this in the Power Rankings thread but here are Ohio State and Michigan's 13 opponents as ranked by Sagrin with results:

Personally, when I look at it I think from somewhere between MSU and ArSt on down I just look to see if it was a blowout (they all were with the arguable exception of Michigan's 21 point win over #78 Indiana). The games above there deserve a more serious look. Here it is with your Bulldogs added in:

Georgia's games against their three best opponents look great. The 46 point demolition of Oregon is even more impressive than Michigan's game against Penn State. Georgia's 41 point win against USCe falls right between tOSU's 29 point win over MSU and M's 7 point win over UMD so again, great. Georgia's 32 point win over Auburn is comparable to tOSU's 29 point win over MSU and better than M's 21 point win over IU so all good.
Georgia also looks really good as measured against REALLY bad opponents. They shutout Vanderbilt and Samford 55-0 and 33-0.
The thing holding Georgia back (to the extent that they are, I mean, they are #1) is that their 4 point win over Mizzou and their 17 point win over Kent (in a game in which they scored late to make it look better than it was) are just NOT championship caliber performances. Kirby's comments about Mizzou being a tough place to play are coachspeak BS and we all know it. I'm pretty sure you'd agree with that.
If we compare tOSU and Georgia based on their games against the best teams they have played, that goes to Georgia hands down as Oregon appears to be better than Notre Dame AND Georgia beat Oregon much more soundly than tOSU beat ND.
If we compare them based on their MAC opponents, that does not look good for UGA. Kent was within 10 of Georgia deep in the fourth quarter and Georgia only won by 17 despite scoring a late TD. Ohio State played a better MAC opponent and dropped 77 on them in a game that was never in doubt and in which the Buckeyes' lead was never less than 42 in the fourth quarter.
One could definitely argue that Mizzou and Kent were only two games but that is nearly a third of UGA's schedule and that third doesn't look good at all. I consider Michigan's 21 point win over Indiana to be a weak showing and Kent is a worse team that UGA beat by less points. Similarly, I consider Michigan's 7 point win over Maryland to be a weak showing and Mizzou is a worse team that UGA beat by less points.