Others have picked up on Schlabach's position.  Here's another one from WSJ's Darren Everson:

By all rights, this shouldn't even be a debate. Texas beat Oklahoma. The Longhorns suffered the most defensible defeat of any title contender, a last-second loss at still-top-10 Texas Tech. And Mr. Stoops's argument doesn't fly. His logic about the Texas-Texas Tech-Oklahoma dynamic wouldn't compute if the three-way Big 12 South tie didn't include the Red Raiders. Well, the Red Raiders lost their shot at the national title. This is no longer a three-team debate. It's between two teams that already played each other. Mr. Stoops made an argument for parity with Texas. He can't make one for superiority.

This can't be bad for us.