Being at home is a huge edge and can tip the scale of 2 evenly matched teams.
You are using PSU as the marquee win? PSU's best win was over Ohio State.
Stanford didn't get a chance to play LSU at home either, in reality you should have to win your conference to play in the title game.
Being at home isn't a huge edge in this particular rivalry. LSU and Bama are too evenly matched. The road team has won 7 of the last 11 times.
Beating Penn St. on the road is Bama's best road win. It's a ranked opponent.
Oklahoma St. hasn't beat any ranked team on the road. Period.
Bama's best win was over the #6 team in the country (Arkansas) in a 38-14 blowout. We had scrubs playing the 4th quarter of that game. Arkansas only two losses are against the #1 and #2 teams in the country.
Okie St.'s best win is against #8 Kansas St.... the team a healthy Oklahoma blew out 58-17.
You shouldn't have to win your conference in order to play in the title game. But if they want to make it a rule, then make it a rule.
But it won't be until after LSU and Bama have played for all the marbles.
They let Nebraska and Oklahoma into the BCS title game before without winning their conference, and neither of them had to compete with the #1 team in the country within their own conference.
Being a conference champion holds no weight until all the conferences are playing conference championship games. Secondy, it holds no weight because all the conferences aren't equal. There's at least 3 teams in the SEC that would go win every other conference undefeated.
Teams from the Big-10 and Pac-10 have been getting into the BCS championship game for a decade without having to play a conference championship game.
It's worked in their favor for a decade. It worked against them this year.