The field was wide open that year too but I didn't see that ISU team as dominant as the 99-2000 team. Case in point the '14 big 12 tourney championship they got down like 12-1 half way through the first half to Baylor.
As opposed to the 2000 team that was up by 20 for much of their Big 12 championship game vs. a good OU team.
It's also been stated that the 2014 team wouldn't have been favored in any remaining games with Niang. They still didn't defend very well which is often needed (with efficient offense) to make serious runs.
If you go by the Torvik analytics and assume Iowa State defeats UConn then...
OFF RTG / DEF RTG / NET RTG
Assuming 75 possessions per game
Iowa St. = 119.1 / 99.5 / +19.6
Michigan St. = 120.1 / 96.0 / +24.1
Florida = 116.4 / 89.1 / +27.3
Kentucky = 117.7 / 96.9 / +20.8
Michigan St. is probably favored by 3 or 4.
Florida is probably favored by 5 or 6.
Kentucky is probably favored around 1.
I know the "that team wins a national title if Georges doesn't break his foot" narrative is a fun one. But that team doesn't have the analytics profile of a national champion. Something like top 50 on offense and defense is prerequisite for consideration, and Iowa State was #11 on offense and #72 on defense.
The likely outcome is one of those teams find a way to slow down the Cyclone offense just enough and bullies them on defense and on the boards and that's all she wrote for that enjoyable team. It's not like Tom Izzo, Billy Donovan, and John Calipari aren't legends who could have matched X/O wits with Fred.
In some ways Georges breaking his foot was the best possible thing that could happen to that team's reputation. It'll always be a "what if" story of tantalizing possibilities instead of a mundane reality. You can't say that team probably wasn't good enough because it never had a fair chance to see if it was.