You say it has a practical utility, and yet you call it meaningless? If rationality is about winning, how can something with practical utility be meaningless?

Here's what I mean by computation: The handling of concepts and symbolic representations of concepts and mathematical abstractions in such a way that they return a causally derived result. What isn't computation? Pretty much everything else. I don't call gravity a computation, I call it a phenomenon. Because gravity doesn't act on symbolisms and abstractions (like numbers), it acts on real things. A division or a multiplication is a computation, because it acts on numbers. A computation is a map, not a territory, same way that numbers are a map, not a territory.

What I don't know is what you mean by "physics is a machine". For that statement to be meaningful you'd have to explain what would it mean for physics not to be a machine. If you mean that physics is deterministic and causal, then sure. If you mean that physics is a computation, then I'll say no, you've not yet proven to me that the bottom layer of reality is about mathematical concepts playing with themselves.

That's the Tegmark IV hypothesis, and it's NOT a solved issue, not by a long shot.