No, I mean to decide if the P5/G5 champ automatically gets in. I would also use it for the 2 or 3 wildcards, yes.
I would be more OK with losing the qualification cap on the P5 champ than the G5 inclusion. I would be even more OK losing the qualification cap if all 8 teams are seeded, rather than the conf champs getting the top 5 seeds, and you get some perverse result where the 4 seed gets the easiest 1st round game, because the 5 seed is trash UVA or some such, and then the 3 seed gets fucking Clemson in the first round.
UGA has a very strong D that can shut down non-dynamic offenses. They did not shut down OU in 2017, Bama or Texas in 2018, LSU in 2019. UGA's offense is very pedestrian, especially against teams that they can't just overwhelm with talent. Georgia played 4 ranked teams this year. They scored 24, 23, 21, and 10 points, and also scored 19 against Texas A&M, 27 against Mizzou and 21 against Kentucky. Oh, and 17 in overtime against South Fucking Carolina. Sorry, this is not one of the 4 best teams in football, and only a fool would take them straight up against Alabama.