Depends a lot on the whole picture. How did the two teams compare in terms of strength of schedule and quality wins? Did the small conference team lose in their conference tournament championship game to a tough conference competitor, or did they lay an egg against a crappy team in the first round? Did the power conference team look good in their tournament? How did both teams play coming down the stretch in the last few weeks of the season?
All else being equal, I’d probably rather see the small conference team in the tournament. Neither team in this scenario is likely to be a final four contender, so I’d rather see the small conferences get the bid and the extra TV dollars that go with it.
zoog-Assume their conference tourney performance is comiserate with how their conference regular season went. IOW-RS champ lost title game, middling team went out b4 title game.