I prefer auto bids. I don't like people's opinions dictating who gets in. I have seen enough SEC bias to last me a lifetime.
I like the 12 team playoff with first four selected by ranking and having byes as is currently the case, BUT would prefer MORE auto bids. I don't need to see the 4th ranked B1G or SEC team get in. If you can't even MAKE your conference title game in the P2, I'm OK if you lose your shot. Like others have said, make the regular season games, especially in your conference, mean more. Give me teams that rarely make it from non-P4 leagues. With the talent being more spread out, I think we'll see more upsets, not tons, but more especially by giving the top four a bye. That eliminates the very best teams that might really stomp on a lower level opponent. Plus, you should make more money involving more fan bases throughout FBS in the championship. If you're a really good third place SEC or B1G team, you'll get one of the at large bids anyway. I'd say something like seven auto bids (instead of the current five) and five at large (instead of seven).
How would that change this year's playoff?
Autobids - Ohio State, Texas A&M, Texas Tech, Miami, South Florida, James Madison (new), San Diego State (new)
Byes stay the same - Ohio State, Texas A&M, Indiana, Alabama
Teams that get kicked out because of two new auto bids - Texas & Notre Dame - AWESOME! Texas is the FIFTH best SEC team. Do we really need the fifth best team in a conference in the playoff? So stupid!
First round games - San Diego St (#44 CBS ranking) at Georgia (#5), James Madison (#27 CBS ranking) at Texas Tech (#6), South Florida (#24) at Ole Miss (#7), Miami (#15) at Oregon (#8).
Basically, San Diego St is ranked similar to Minnesota so it's like Minnesota playing Georgia which means an upset is very unlikely, but possible. Ole Miss barely beat Washington State so South Florida definitely has a chance and now they are playing #7 Ole Miss instead of #5 Georgia in the current format. This is worth noting. Generally speaking in the current format, the sole G5 team will often be ranked #12 and will play the best team not getting a bye. In this new format, the best G5 team would play the third best non-bye team increasing their chances of an upset AND the G5 would have two more additional chances of a historic upset. March Madness has pretty much been eliminated from basketball because of NIL, let's add a larger chance of it in football. That drives ratings!
Changes that might result from this set up. Notre Dame finally joins a conference and beefs up its schedule because at large bids are harder to come by. Some teams defect from the AAC which is by far the best G5 league for a better chance at an auto bid from a lessor conference.