Point one: yes you are correct but it is still better than playing San Jose, UMASS, Utah State, etc. in terms of playing Memphis we have to play them regardless. We at least have some control in the OCS schedule. Last, these schedules are so far out in years it is possible that the lower G5 will be having a decent year by the time we play them.
Point Two: I’ll hold to my argument that a team like Purdue does not think in terms of championships (although they might start to change with Frome at coach so I’ll use Rutgers). They may say that is their goal but at the end of the day they know their culture will not be conducive to winning big games (aside from the fluke year). So I think your logic is correct here but I don’t think that is the way all P5 teams think. If it was Illinois, GT, would have never signed with us.