I think I can make a really good argument that IU and Northwestern should be in the same setting as Florida and Geogia.
Georgia lost it's first game of the season by a large amount to an unranked Arkansas team and to Florida.
Florida has two consecutive losses to LSU and Alabama in the Conference Championship Game and the in season loss to Alabama.
Georgia with two losses sits ahead of Florida despite losing to them and not making it to the Conference championship Game.
Northwestern has losses to Michigan State and Ohio State in the Conference Championship Game.
Indiana's only loss was to Ohio State, and they didn't get to the Conference Championship because Barry Alvarez, Gary Barta, and Gene Smith are the de facto Commisioners of the Big Ten and get to change the Rules at their discretion to benefit their teams and their Buddies.
I would have the first 5 Teams as they are with Undefeated Cincinnati at 6, with these 4 teams following from 7-10 in the order of your choice, although I would ding Florida for 3 losses on the Season, and the two game losing streak. No way any of these 4 Teams should be behind Iowa State and Oklahoma.
Bottom Line way too much respect for the SEC and Big 12, and no respect for the Big 10.