I think Oklahoma clearly deserves to be #1 right now. I'd put Alabama at #2.
My Top 5:
Oklahoma
Alabama
LSU
Texas
Missouri
So if you throw out preseason rankings (which are ridiculous) and didn't rank teams until this Monday you'd say Oklahoma's body of work vs. Alabama's clearly puts them at #1?
Oklahoma:
8/30 Chattanooga 1-0 (0-0) W 57-2
9/06 Cincinnati 2-0 (0-0) W 52-26
9/13 @ Washington 3-0 (0-0) W 55-14
9/27 No. 24 TCU 4-0 (0-0) W 35-10
Alabama:
8/30 @ No. 9 Clemson 1-0 (0-0) W 34-10
9/06 Tulane 2-0 (0-0) W 20-6
9/13 Western Kentucky 3-0 (0-0) W 41-7
9/20 @ Arkansas 4-0 (1-0) W 49-14
9/27 @ No. 3 Georgia 5-0 (2-0) W 41-30