A great thing about basketball is that you can drop games early and have them be learning experiences. But that doesn't mean that these games don't matter. Because they do. And they will all season. The primary reason is due to the way the selection committee works when they're doling out invites. Games are broken up into several categories of various levels - good wins, bad losses, etc.... And all of it is based on strength of schedule. Of course, the selection committee relies on the RPI rather than much more relevant and meaningful metrics, but that's another story.
The strength of schedule component is driven by two things: your schedule, and how your conference mates fared against their schedule. When teams play more than half their games in-conference, then that's what drives strength of schedule. In other words, root for your conference.
So how are conferences doing? I'm not interested in how the top end of conferences are doing. I'm interested in the whole shebang. Because the conferences that do well in out-of-conference play will be the ones sitting in the pole position come Selection Sunday.
Here's a table of the top eight conferences according to Ken Pomeroy (and by extension, Vegas). The columns are how they've fared against different levels of teams: top 50, top 100, top 200, top 300 and the cupcakes. Division II teams have been removed.