Very true.
But, just as Clemson gets a free pass on its high school schedule and Bama is still seeking an impressive "best win", part of helmet status is how ticky-tack the committee is about that. You get a free pass or you don't. Your helmet dictates (very often) how many 4 and 5-star kids you have.
Even if Minnesota was 11-0 and Alabama was 7-4, the Tide would be favored if they played because of the perceived talent disparity of the rosters. That plays into it.