I will preface this by saying I'm depending a lot on the Colley rankings, so if you don't like them, you might want to stop reading now...
Looking at the brief history of the CFP here.
Clearly this is a very small sample size, but there appears to be a pattern of "respect" earned by winning the access bowl.
Boise State entered the access bowl as the #20 team in the 2014 final CFP rankings, but they were ranked 10th in Colley's Bias Free Matrix Rankings for that week. So, if you put much weight in the Colley Rankings (which I do because they know who the defending champ is), Boise State was ranked 10 spots behind where they should have been. They won their Fiesta Bowl date with Arizona, who had finished 10th in the CFP rankings.
The following year Houston was ranked 18th in the CFP and, like Boise the year before, 10th in the corresponding week's Colley rankings. Their 8 spots behind where they should have been was what I'd like to call an improvement in perception by 2 spots. Houston defeated FSU, who was 9th in the final CFP, in the Peach Bowl.
In 2016 WMU out of the MAC took the access bowl spot with a then-best final CFP ranking of 15. They were the first G5 school to be in the top 8 in the Colley rankings at #7, once again 8 spots better than the committee. However, WMU fell by one score (8 points) to Wisconsin, #8 in the final CFP rankings, thus the highest-ranked opponent for the G5 representative so far.
We all remember 2017 well, as UCF finished 12th in the CFP and (though they'd finish at #1) were 3rd in the Colley Matrix at the start of bowl season. Following WMU's loss the prior year, the difference between CFP and Colley ranking grew for the first time, from 8 to 9 spots. UCF would defeat Auburn, who was now the toughest G5 opponent at #7 in the final CFP poll.
So here we sit in 2018, with UCF the first G5 representative to actually be pretty accurately ranked. They are #8 in the CFP and #7 in the Colley, off by just 1 spot. LSU is #11 in the CFP final rankings, making this the first time the G5 rep has been ranked higher than their opponent.
If UCF pulls off the victory, could it lead to even more respect next year?
Code:
Season - Top G5 - CFP - COLLEY - Bowl Result
2014 Boise State 20 10 W
2015 Houston 18 10 W
2016 Western Michigan 15 7 L
2017 UCF 12 3 W
2018 UCF 8 7 ?