Yes because a win against a Nebraska or Iowa is always held in the same regard as a win against a North Dakota, while we also know that a 2009 6-6 ISU team that went to a bowl is considerably better than an 1976 8-3 ISU team that did not go to a bowl.
Where did anyone argue that the 2009 squad was better than the 1976 squad?
It's been well-documented that other schools have routinely used the patsy scheduling method to generate more wins, which led to bowl games (even minor bowl games), which led to more fan support and better recruits, which led to more donations, even more wins and better bowl games.