Let’s face it, the MAC is down this year (thanks Mr. Obvious), partly I think because of injuries, many to QB’s. NIU, Miami and Toledo come to mind and there’s probably others I’ve missed. The transfer portal didn’t help- see VanTease at Buffalo among many others . And the NIL will continue to draw good players elsewhere. Expect more of the same going forward.
On average, I think the MAC is stronger this year than usual. While the MAC lacks any really good teams, it also lacks any horrible teams, which brings up the average. It also means that pretty much every MAC game all year long was a coin flip, which is why every team other than Ohio has at least 3 conference losses.
Here's the Sagarin ratings of Conferences.
https://sagarin.usatoday.com/2022-2/college-football-fcs-... /
The West is down a bit from normal, but the East is up considerably, and in fact, unusually, the East is stronger than the West. In many years, the MAC-East has been the lowest rated FBS conference, and behind the MVS, but neither are true this year.
The final numbers, after bowls, may show a different story. Yes, the MAC has a lot of QB injuries. If, as a result of those injuries, the MAC under-performs in bowls, that will drop the entire MAC.