Agreed.
https://cyclonefanatic.com/forum/threads/stans-herbstreit-column.260295/page-3#post-7448492
"...go to eight teams. Talked about before. You could do it two ways: 1) Seed the top 8, then #1 plays 8, 2 vs. 7, etc., three rounds. Or, 2) Continue to have the top 4 play each other in the first 2 rounds, just like now. Seeds 5-8 also play two rounds, each other. After 2 rounds of that, the Final (round 3). You have one team from the top 4 playing one team from the next 4, winner take all.
I like option 2 best? You'd still get the excitement of the two games from top 4. Plus the Final game would verify the champion from an initial list of 8 schools instead of 4. The final might not be as good as the semi-final top 4 game, but someone in the top 8 still has an outside chance of going all the way. Kind of convoluted but works for me."
Another reason I like option 2, is that you would never get the #1 playing #8, #2 vs. 7, #3 vs. 6, and #4 vs. 5. If you were a #8 seed, had a great season, the last thing you might want is for your first playoff game (and likely final game) to have to play the #1 seed! Same for #2 vs. #7. It would be very unfair for the #8 and #7 teams. Give them a chance to go another round, and maybe all the way!