With all the changes in college football, scholarship limitations, TV exposure, transfer protocol, etc., I think the field has ever so slightly tilted towards the non-Power 5 conferences and teams. Maybe tilted is not quite the right term but the big conferences aren’t as strong at the top like they used to be. The Alabamas, OSUs, Georgias, etc. of the world still get a bunch of blue chip recruits but not as many as 20 years ago so depth isn’t nearly as good as it once was.
However, with that being said, NIL will probably swing it back towards the big programs with their well-heeled supporters. Money talks.