Why is tournament success by one or two teams being the implied deciding factor as to overall conference strength? Should all the head to head games during the regular season, conference challenges, conference RPIs, number of wins over top opponents be completely ignored? Getting to the Sweet Sixteen, Elite Eight, and Final Four seems more a factor of Tournament seeding, luck of the draw, and the individual strength of the team advancing. Even so many games come down to last second shots. The Tounament was designed to financial reward conferences ( since the money is shared with all members ) based on performance. The number of tournament appearances being the deciding factor. Since the discussion is about conference strength and not the strength of one or two teams within the conference then the number of conference members not even making the Tournament shouldn't be ignored either.
Maybe a single elimination tournament featuring only a select number of conference members isn't a very good indicator of conference strength. And conference strength isn't always reflected in who advances in a single elimination tournament.
Only after the Big East lost Miami, BC, and VT, did WVU start dominating the conference. Would those same WVU teams have dominated the SEC or Big 10? WVU was certainly good enough to win a few big games every season including some great Bowl victories, but upon joining the Big 12 where there seems to be a big game every week, WVU has only had limited success to date.