If we're serious about beating UH to the conference crown, then what happened in Austin last night was amusing but ultimately counterproductive towards that narrow cause of ours.
We're essentially down one in the loss column to Houston because we still have to play them on their court. They're likely to win that game. Upsets happen, sure, but planning on 2-0 is unrealistic.
So, you need opportunities to pick up games on them elsewhere. Houston losing to Texas before Iowa State rolls into Austin for the last time to beat the Cows would have been a good opportunity.