Well since you opened the door Hink...
My issue with OSU is they play a rather weak schedule, get ranked high becasue of a win/loss record, and don't show well in a bowl. You shouldn't be able to be considered as a national championship team if your schedule dominated with noncompetitive schools.
For example, a couple years ago OSU played 2 (PSU & UM) ranked teams, their nonconference schedule consisted completely of Troy & Akron types of schools. While Florida played 6 ranked schools and a couple patsies plus FSU (ranked at the time) in their nonconference schedule. Florida doesn't have the luxury of being in a weak conference.
As far as your "just don't lose" argument, look at Haiwaii when they had an undefeated schedule then got waxed in the bowl game. They didn't play anyone during the season. The confernece championship argument doesn't matter in this case.