Yes, but see, your argument is about a simulation, not the actual results of the games that are actually played. So for you to have an argument, you need to admit that the games don't matter.
Why do I need to pick either/or??? Of course it's not JUST talent vs game results, it's both. It's coaching, depth, play-calling, injuries, etc. Looking at the schedule rankings on previous posts, the 9th-toughest opponents for P5 teams align with around the 3rd-4th-toughest for Cinci. It's a joke schedule.
So yes, 11-1 or 10-2 vs a vastly deeper schedule is better than undefeated against that schedule. No one likes to hear that, but it's true. That's why computer rankings systems have an 8-4 team over an 11-1 team. It's not that the games don't matter, but the opponent matters, too. What is 4 wins vs teams ranked in the 100s???? It's a layup. It's playing backups in the 3rd quarter. It's meaningless........again, not something anyone wants to acknowledge, but if you want to label it "the games don't matter," then for those, specifically, no, they do not matter.
So if 2 of OSU's games don't matter and 5 of Cincinnati's don't, where are we?
Cincinnati hasn't played nearly as many losable games. And if you disagree with that sentence, then you're acknowledging they are a lesser program.