;) Hard to miss usc being... well-represented on this list.
I think they have a hard time quantifying. If we're going straight h2h, there isn't a team pre-1950 that could beat any 20xx powerhouse.
Otoh, they can't just be doing "relative to your competition at the time" because there are teams buried way down the list that dominated in a way a modern era team simply cannot.
So they're all weighing all of that and more and getting a list that's sort of meaningless in the sense that nobody can quantify those weights.
The one that has Michigan fans all uproarious is 97 UM being 20ish spots behind 97 Nebraska. They had two common opponents - Michigan beat both by larger margins.
Enormous weight put on the bowl game against Tennessee. Before the bowls, nobody was arguing Nebraska over Michigan.