Iowa for sure is the favorite. Loads of depth on the mound. However, they lost their best DH in years when Anthony's season ended. They also lose their 1st baseman who along with Anthony were the offensive leaders. Their strength is their defense. They return their Friday & Saturday starters and though they lost their best setup/bullpen pitcher they shouldn't be short on talent. One set back might be the loss of their catcher. (that's always unpredictable) Still, the schedule sets them up to have the best record in the conference (crap midweek schedule) but they have some huge conference games on the road (at Purdue/Ohio St/Nebraska). They are the favorite but likely "only" because they don't face either Indiana or Maryland until tourney play. Personally I see them as a paper tiger early but if that bullpen is as good as advertised they might push out 40+ wins.
Indiana is less predictable as the talent on that roster is on the offensive side and weather can play a huge part in that. Their ACE is out for the 2024 season with injury, their top hitter/middle infielder is gone (drafted) and their next best bat/center fielder transferred. They had a huge recruiting year 2 years ago so the talent exists, it's just unproven. They'll either win 35+ or struggle to win 30.