I've lost quite a bit of faith in the committee. The only thing I'm sure of is that if they don't want OU in the playoff, they will make a huge deal about the UT loss. If they want to put OU in, they will talk about how OU had a strong finish, that the UT game was an aberration, and that a certain other 1-loss team was able to overcome a disappointing early season loss to run the table last year.
The problem is the committee changes its talking points / emphasis so much it is obvious they are reverse-engineering their criteria.