Considering the players are completely different after 4/5 years, I wouldn't go past that to consider power teams.
Hell, Auburn positively reeked a couple years ago, now look at them.
That is what I mean, ancient history may be interesting, but that is about all it is, interesting.
Somehow, I think that the same old conferences (and teams that are in there now; SWC -> BIG12, etc.) still are the relevant conferences when it comes to the top teams and meaningful schedules. USC has been the only exception to the rule in the recent past, otherwise, the SEC, BIG10, BIG12, and ACC (Miami) have been the rules since the 80s. Now that the pay-scale at USC has been rumored to be cut, I don't look for them to repeat.