I tend to agree with you but the committee this year seems to be more concerned with who you beat than the quality of your loss (last year's committee). With that in mind, Sam hasn't beaten anybody of note. But again, will the committee look on their loss to a highly ranked UCA team as one which shouldn't drop them out of the top 8? Who knows?
When it comes to SDSU and UND for seeding, I would absolutely not put the Jacks ahead of UND (if they beat UNI). Yes, their win is better but they would have 3 losses with one of those losses coming at home to someone UND has beaten. Your W/L record has to be the first criteria, then you start parsing the details after that. Also, we aren't talking about which team is the last team in the playoff field here...we are talking about seeding. Otherwise we would be REALLY arguing about SOS and whose wins are better. As it stands, the Jacks will still have any opportunity to prove it on the field.