A few days ago, Addicted to Quack questioned Buckeye fans who were critical of Oregon's defense. You probably read that post.
The argument that totals (yards, time of possession, points) aren't good indicators of what Oregon is capable of because the Duck's expedited pace of play results in more action on both sides of the ball is a good one, although when the numbers are adjusted it doesn't have as dramatic of an effect as one might expect.
Here's another method that takes into account both Oregon's pace of play, and competition to see if ATQ's conclusion that the Duck's deserve more respect is a good one. Ultimately, I conclude that:
Adjusted to reflect the quality of opponents, and number of snaps, Ohio State's defense is allowing 26.9% less points per game than Oregon's defense. Coming into the Rose Bowl Oregon is scoring 8.4 more points a game than Ohio State on average (29.3 points versus 37.7 points). Adjusting these figures to reflect Ohio State's defensive advantage (e.g. the 26.9 percent scoring differential), the Buckeyes have a 2 point advantage on paper heading into the game.
You can read the full breakdown here.