Greg, I like this idea and i think the report and presentation you made helps sell this idea. Ive actually mentioned something similar to this in prior years on the board. I called it the "Grand State" concept. I got the idea back in my home state of KS. Back in the 70s, they actually got the KSHAA to buy into this for a few years from 76-78, and they had a "Grand State" extension to their tournament. Of course Kansas implemented classes back in the early 70s, but their State tournament concept was just an individual state tournament with four classes that took two weeks. For the Grand state tournament, they took the top 4 from each class and the 1s wrestled 4s and 2s wrestled 3s and the class placers were randomly drawn into the bracket. For 3 years, KS had a single state champion or called Grand State Champion. A guy from my school ended winning it one year.
Unfortunately, the Grand State tournament stopped due to a few reasons. One reason was the additional time required by the coaches as it added another week to the season. The 2nd reason was it required another two day tournament (they had wrestlebacks), and this resulted in the kids to miss another day from school as they also did in the prior week for the state tournament. And 3rd, this tournament even though held at a central location, it required travel costs and a lot schools needed hotels.
One advantage of your concept that in Indiana, it doesnt really add time to the season as Indiana already has a ridiculously long state tournament. Also, this would require two weekends in a row to travel to Indianapolis for the tournament, which is a centralized location, but still would require more travel funds for most schools which seems a small price to pay. And also again, it would require to miss another day of school for the wrestlers, which is IMO is not a big deal, but the IHSAA is an organization strongly against missing school and would be a possible road block.
I think a good idea and might some tweaks and compromise, but the cool idea would be that Indiana wrestling could have its cake and eat it to.