Ehh we'll see (or we won't see if OSU wins like they're supposed to). I think the fact that the committee moved Michigan up 3 spots this week after a blowout win over a bad Maryland team was telling and put them in a more advantageous position to move into the field if they beat the number 1 team. They have no bad losses (they lost to the CFP number 8 and 17 teams on the road). Their wins were mediocre but they do have a road win over a pre-Raiola injury Nebraska and a 17 point win over Washington who is currently 15th in SP+ (though the committee probably doesn't rely too much on this as they aren't in the CFP field right now). A win over OSU would really boost their resume IMO and put them right on the cut line.
Honestly I haven't done a deep dive on the resumes of the teams UM would have to jump to get into the field since the entire scenario relies on Michigan beating Ohio State so if they can do that I'll look into it more lol.
Edit: Also the close wins over bad teams is really just a 2 week stretch of scraping by Purdue and Northwestern. They only beat MSU by 11, but it's a rivalry game, on the road, and MSU had a garbage time TD to turn it from a laugher to a comfortable win. Outside of that they blew out 2 bowl bound NC opponents (albeit their names are New Mexico and CMU lol), won a close road game vs Nebraska, then blew out Wisconsin and Washington.
Of course I'm just playing my role as an annoying UM fan here, but that's how I see it 🙂