all.
Indy slightly better than MWC honestly, because neither is P5. So recruits know they are taking a step down whether it is Indy or MWC/G5.
In my opinion, from a players perspective, I'd rather live in a conference where I can play for a championship and have a realistic path to a NY6 game then floundering in Indy which leads to 4-9 results. NOBODY likes to lose and plenty of schools (including BYU) have played in smaller conferences and turned that into future success.
I'm glad i'm not the one making these decision though, so difficult!