I feel like if you don't only carry conference champs, it diminishes the importance of winning your conference. I would have been OK with Georgia being the number 1 ranked team even without winning the SEC or the Championship.
I mean think of it this way. It would be like if after the LCS the 2 other baseball teams with the best record got to playoff against the teams. Can you imagine how cheated the Astros would feel if they lost to the DOdgers and the Dodgers got to play the Phillies?
Don't get me wrong, I understand what you mean. But if you want to do that format, shorten the season by a few weeks and make it a proper playoff by expanding it to 16 teams with the 10 conference champs and 6 at large teams, or classify the conferences as say a big 4 (SEC, PAC, Big 10, Big 12) then bring the next 4 at large with max 1 from a conference, if you follow that rule then you have (going off top ranked right now) Georgia, Ohio, TCU, and Oregon. And your 4 at large would be Michigan, Tennessee, USC, and North Carolina.
To me I prefer the system of highest rated conference champions and just take 4. I get what you're saying. UGA doesn't win the whole thing, but it's silly to me if you actually care about it being a championship. Not just a vessel to almost guarantee an SEC championship.