MSU had 16 wins against the following teams: FAU, ARPB, EMU, BC, BSU, Binghamton, UMES, Northeastern, Oakland, Minnesota, Illinois, PSUx2, NW, Rutgersx2. You're also giving them credit for home wins over NIT teams in OSU and Florida. That leaves us with marquee home wins of Louisville, Maryland, Indiana, and Wisconsin. It's nice but hardly a vast chasm between the two schedules. Obviously this is comparing a mediocre Michigan team with one of the better teams in the country, but the bottom line is that Michigan's resume of wins and marquee home wins are pretty much on par with what you'd expect for a bubble team.
This season wasn't what any of us hoped for, but its hardly the disaster scenario that some here are painting it as.