Ask Jimbo.
But sure, based on accomplishments. Based on fan base, no. Just like how Alabama, Texas and Michigan are still draws when they are down. It's not simply how good the program.
in 2014 bama/osu played in sugar bowl and fsu/oregon in rose. both were cfp semis. bama/osu drew 15.2 rating, oregon/fsu 14.8. not materially different, despite 1 game having 2 of top 5 all time and 'biggest' programs, while the other had top 10-15ish teams.
2015, fsu game bowl draws 3.7, despite not being cfp game and vs houston. bama, in playoff game, draws 9.6. significant difference, but more so about the cfp than teams.
2016 fsu, non cfp game, draws 6.2 (vs mich), bama in the cfp draws 10.7.
prior to cfp...
2013 fsu/au bcs title drew 14.8, bama/oklahoma drew 9.3
2012 fsu/n ill drew 6.1, bama/nd 15.1
these don't seem materially different. the individual differences are due to either the importance of the game (bcs title/cfp vs regular bcs bowl) and a couple of g5 opponents for fsu. the 1 time they had comparable bowls/opponents (2014), it was damn near identical.
edit for source:
https://www.sportsmediawatch.com/college-football-playoff-ratings-bcs-history/