Fido, I've missed your writing.
I disagree on 8 teams. Right now is perfect. Win all the games on the schedule and a team is in, if not, help is needed. The season is exciting down to the last week. Frankly I don't think a team like Colorado, Oklahoma, Wisconsin or Michigan deserves to be in the conversation. They've already lost more than once to contenders. The purpose of the CFP committee should be even simpler than the one you herald. I say they should make sure it finds the one best team not the four best. At this point it is conceivable that 'Bama, Ohio State, Clemson, and a few others are the best, but it is not conceivable that say Wisconsin is. It's already been proven on the field that Wisconsin or Oklahoma is not the best team, so why have a system that includes such teams? Shouldn't we WANT drama at the end of the year?
We'll always have disagreements on the periphery, but after 5ish is were the teams are all very similar. 6-10 are so close to each other, however they aren't close to the teams in the top 4.