Iowa is certainly the best 4 loss team....I would put them above most of the 3 loss teams on the list. Iowa vastly underrated. Best RB in nation, top 7 defense. I like the spot they are in though, probably blow out an SEC team in the Outback Bowl. --
I think 5th Jan 1 bowl in past 8 years. (Outback x3, Capital One, Orange Bowl)