I think you're spot on with your assessment. All Franklin has is style points. He never wins anything big. To bolster your assessment, right now PSU has a 69% chance to reach the 12 team College Playoff.
That's better than every team in the country except Georgia, Alabama, Texas, and Notre Dame.
It's unbelievable.
EDIT: To add to this, Franklin is going to make sure he obliterates the small teams for those style points. This is PSU's home opener. Don't worry about the points is my advice. They're going to kill this team.