Not at all. I'm not saying we actually will simulate it, just that it's got the property of theoretical simulatability. Which means there's not anything magical going on under the hood. Which means consciousness isn't magic.
"What can be processed" to me implied practical utility. If you did not mean that, thanks for the clarification.
Still, to me the fact that it could be theoretically achieved with computers is not very useful if it can't be achieved practically, and that certainly makes "biological" computation different from synthetic computation.