Yeah, it's fun to speculate, which is why we do it. We all have our personal preferences understand that the committee may well act differently. One theory is they are affected by ESPN and TV ratings, in which case of course Texas would win over Oregon/FSU/most anybody else.
If TV ratings are a dominant consideration, we'd have Texas/Michigan/Alabama and then whoever.
I don't think they do personally. I bet the topic never comes up in discussions at least.