I don't know DB, say the BTHC forms, Miami and ND do switch to a modified "top tier" conference involving say Notre Dame, Miami, North Dakota, Minnesota Duluth, Denver, Colorado College, Nebraska-Omaha, and St. Cloud State...Minnesota State, MTU, UAA, and Bemidji may very well be interested in switching to a less stacked conference where they aren't necessarily destined to be bottom dwellers, say they come join forces with the remnants of the CCHA that would leave you with a conference consisting of LSSU, NMU, MTU, Minnesota State, UAA, UAF, Ferris, WMU, Bowling Green, and Bemidji....it would certainly be a second tier conference but would most likely still hold on to an automatic NCAA bid, and definitely still provide a competitive and quality level of play.
Now lets also inject the likely scenario that Penn State starting D1 hockey and the formation of the BTHC spurs on other high profile American universities to start D1 teams, and over the next 10-15 years 10-20 big name schools also want a piece of the action and start up...in this scenario it's highly possible that college hockey may raise it's profile in the sporting conscious of America, more TV time, more advertising, etc...this would certainly make the type of high profile prospects that are now passing up the NCAA route for the OHL, WHL, QJMHL come to one of the bigger, higher profile, and successful universities because they would now likely be recieving just as much exposure in the way of pro scouts...with the influx of these players some of the guys who are now on the lower end of the depth chart at these type of universities (for an example, Notre Dame has an NHL draft pick who scored 10 goals this season on its fourth line, these type of guys) would be pushed out of a roster spot at these type of schools and would then be apt to come to schools like the ones in the "new CCHA"....So even though the likelihood of the teams in the "new CCHA schools" winning a national title wouldn't be great, it is still very likely that they could be competitive and make some noise in the NCAA tourney in a given year, and the league would still be left with a competitive league that also has some future NHL talent on its teams...
You used NCAA football as an example but keep in mind that even though leagues like the Mountain West, WAC, and even the MAC don't produce national champions, they do provide teams every now and then (TCU, BYU, Boise State) that make a run at the national championship and have no problem getting players that not only make it to the NFL, but become stars...so even if this major facelift to the NCAA hockey landscape does change, all hope is not lost for fans in Sault Ste. Marie playing in a good league and seeing future pro talent on a regular basis...