Alternate Viewpoint - Strongest Top 12 but less concentrated in Top 5
NIL/Transfers causing more talent concentration in top 10% (Approximately the top 12-15 teams), but less in the top 5%. The Leonards and Mensahs of the world transfer to start on teams that otherwise would be a QB away from contending.
The juggernauts of the aughts (UGA/Bama/OSU) still have incredible starters, but the no longer have as many 5*s and P4-caliber bench depth, especially for veterans.
About 1.5% of all college players make it to the NFL. They are concentrating now significantly more in the Top 15-20 programs.
That creates a contradiction called stratified parity. There is more parity in the upper echelons, but less outside that top 15 to 20 teams year-over-year (even with NIL/transfers, injuries and some inertia makes changes take 1-2 years)