IMO they should look at who you beat, who you lost to, who you played OOC, and total number of games vs P5. So I would rank the potential playoff teams as:
LSU
Beat #9 Florida by 14, beat #11 Auburn by 3, beat #12 Bama by 5 on the road
No losses
Played a respectable OOC schedule
Play 10 P5 games
Ohio State
Beat #8 Wisconsin by 31, beat #10 Penn State by 12, beat #14 Michigan by 29 on the road, beat #20 Cincinnati by 42
No losses
Played a weak OOC schedule
Play 10 P5 games
Clemson
Beat no one currently ranked, beat the team that beat Georgia by 35 on the road
No losses
Played a decedent OOC schedule
Play 11 P5 games
Georgia
Beat #15 Notre Dame by 6, beat #9 Florida by 7 on a neutral field, beat #11 Auburn by 7 on the road
Lost to a losing record team South Carolina by 3 in 2 OTs
Played a good OOC schedule
Play 11 P5 games if you include Notre Dame
Oklahoma
Beat #7 Baylor by 3 on the road and beat #25 Oklahoma State by 18 on the road
Lost to unranked Kansas State by 7 on the road
Played a respectable OOC schedule
Play 11 P5 games
Baylor
Beat #25 Oklahoma State by 18 on the road
Lost to #6 Oklahoma by 3 and could avenge the loss
Played a SHI OOC schedule
Play 10 P5 games
Utah
Beat no teams that are currently ranked
Lost to #22 USC on the road by 7
Played a weak OOC schedule
Play 10 P5 games
(Why are they even in the conversation?)