11-1 Miami would be ahead of 11-1 Louisville.
Louisville's OOC schedule is Eastern Kentucky, James Madison, Bowling Green, and Kentucky.
They'd have one ranked win, and it's against us, by 3. They wouldn't be a conference champion, or have played in a conference championship game, in your scenario.
Miami would have wins over a very likely 10-2 and playoff bound (or at least VERY prevalent in the conversation) Notre Dame, and the best G5 team in the country, who is currently +120 to make the playoff (by far the highest G5 team) in USF, by 30 points.
Louisville is +320 to make the playoffs right now, Miami is -270.
The committee has shown it values wins over good teams.