I agree. The question is the expansion to what. 16 teams should be about right. It is an even bracket. Do away with Conference Championships go to neutral sites Regionally. Group Regionally by location for balance.
Quit coddling the conferences. Develop a SOS and set of rules that serve to seed properly. Are some schools going to have to travel out of the region for balance yes, but that is football, basketball, baseball and any other sport.
No home team advantage. Put together a Committee that knows Football, not a bunch of ADs or administrators, or Representatives that may not have played a down in their entire life. No Bias.
Everybody is going to question every year why this team got in and that one did not. Some legit and some not so legit arguments. So be it. Conference Champions should have some weight but not automatic.
Example, the 1985 Tennessee team would have waltz through the CFP Playoffs easily. But would have never gotten into it with a 9-1-2 record. They finished 4th in the poll. They may not have made it into a 12 or 8 team playoff and definitely not a 4 team playoff.
They (ESPN & NCAA) needs to figure out how to fix this and both in their own rights have too much on their plates to do it. They can talk about it but they don't have the time to devote to it to fix it. Both organizations are overextended in coverage and in management to perform the duties required to manage one College sport vs 6 major sports (men & women-baseball/softball, football/soccer, M & W basketball.) The NCAA is an administrative agency not a governing one from the aspect that they have bite, but really no teeth. ESPN is really a bystander with a big mouth questioning what the NCAA has done or not done in subliminal tones.
A 32 - 40 team power conference maybe the way to go. Who gets in and who does not is the question.