IMO the Power 2 doesn't care about squeezing out well-deserving teams from the Tournament. It'd cause too make backlash if a non-P2 projected 9 seed for instance is left out, and that has yet to happen. The general consensus on Bracket Matrix last year was 3 BE teams, and 3 teams got in.
What the Power 2 is trying to do is dominate through $$$$$. Lucrative TV deals, a consolidation of the top brands into two conferences, NIL, rule changes, etc. So far they've been successful at that with currently 13 projected SEC teams and 11 B1G (both would be records, the BE currently owns it with 11). They want to dominate the Tournament, especially the top seeds.
Is it possible they're going to pop the bubbles of teams right on it, such as St. John's, Seton Hall, or Providence last year? It's possible, yeah (I think that's still TBD), but their focus certainly isn't to cause massive controversy by boxing out a projected 8 seed (non-Top 25).