Nope, I've never seen a major conference school play a 16v16 game. So that would mean I would be a fan of a Western Kentucky type school. I don't want that.
C'mon let's say some of the Hawk's bubble predictions came true and Jerry Palm was on the committee. He couldn't get you a better seed, but he could get you in the field of 68. Would you rather have Iowa lose a 16/16 play-in game, or win the NIT? I'll even say that the team you lose to is the best 16 seed in the whole tournament. Maybe even better than a couple of 15 seeds!