Probably right, but I think they'll get the nod over OU because they are the defending NC.
FSU was clearly not one of the 4 best teams in college football last year, but they got the benefit of the doubt because they were the defending NC. Granted, they were undefeated, but still....I think the same line of thinking will apply here.
Oklahoma looks like the better team to most, but when they have to decide between two conference champions with one loss, my guess is they'll choose to give the spot to the defending NC.
I hope I'm wrong, but I'd be surprised if it didn't turn out this way.