All FBS schools are considered equally. For example, a win against 10-3 ODU is considered to be equal to a win against 10-3 USC or 10-3 Michigan.

That aside, if we would have beaten Syracuse, our rank would be #9. If we would have beaten GT our rank would be #7. If we would have beaten both, our rank would be #4 (of course if we would have beaten both we would have played in a higher ranked bowl game and that could impact the rankings).