The "BCS" rankings would have created the same 2 matchups that the CFP committee came up with, the exception is that FSU and Oregon would be flip-flopped at 2 and 3.
http://www.colleyrankings.com/curBcsLike.html
BCS Top 10:
1. Alabama
2. FSU
3. Oregon
4. Ohio St
5. TCU
6. Baylor
7. Mississippi St.
8. Michigan St.
9. Ole Miss
10. Arizona
A lot of the "Committee was wrong on Ohio St" complaining going on likes to say that Baylor/TCU had stronger schedules, didn't have as bad of a loss, etc. etc. Well, the computers and the BCS formula disagree. Also, Ohio St. beat more .500 or better teams than both combined and overcame significantly more adversity. Ohio State's win over Wisconsin is the best win in College Football in the modern football era. They deserve to be in and there is no argument otherwise.