We keep four OOC games: Nebraska, UCLA, Michigan, and Missouri. We lose Wagner and Connecticut, two of the worst teams we have ever scheduled. We lose East Carolina and Cinci (no biggie).
We gain about a 50-50 shot at the Fiesta Bowl.
Personally, I'd take the MWC schedule.
And I don't buy your argument about not including Utah or TCU as good teams. THey were better those years anyway.