Here's an interesting thought;Take a March Madness-like approach
Put together a selection committee through IHSAA or IHSWA similar to team state selections. It could be former coaches, officials and others that are involved in the sport but that can unbiased.
Select the top 8 wrestlers in each weight class in each current Regional on the last weekend of the regular season. Selections would be made based upon records, strength of schedule, placements in conference tournaments, bad losses and signature wins, etc.
Top 4 placers would move on after the Regional to Semi State and then the old system would resume.
Maybe have another tournament for those that weren't selected on the Saturday off that would usually be Sectionals?
This would take a lot of work and research and it might not always be fair for smaller schools. But it would make the regular season and conference tournaments much more interesting! Could be a pipe dream..just throwing it out there