Like most people, I watch some of the conference tourneys & enjoy the intensity & competitiveness they create. It's just that it does nothing to assure the most deserving team gets a bid. We all know why they exist. Of course, just about all of the low majors get rocked right away. I wouldn't include mid-majors in that statement though. Many of those schools as 9-to-12 seeds have provided some of the greatest thrills in the tourney over the years. Now we just have to hope NIL & the transfer portal don't harm that. It certainly won't help.
I assume people bringing up the subject are referring more to some of the schools from the A-10, Valley, Mid American, Southern or Mountain West. The Horizon is terrible. Yet, every league needs to have a rep, I don't think it's a waste at all. Especially when it's someone who seldom if ever makes it in, I think that's one of the things that makes March Madness the special time it is, for some of the alumni & fan bases who wonder if they'd ever experience it first-hand. But if I'm the Horizon, or the SWAC or Big West or MEAC I'd want my best representative that was proven over three months, not three days. That obviously won't change though.