But I would not be opposed to making makeup slightly more important than it seems to be now. And perhaps see more of a mix of high-ceiling/high-risk players and low(er)-ceiling/low(er) risk players to go along with that. That might make rounds 3-10 more interesting, at least.
For example, you could take a flier on a guy who *could* potentially reach his lofty projections (ML starter, perhaps) from his very humble current ratings (tryout camp level). Players like this with high makeup ratings might go in rounds 2 and 3, while players like this with lousy makeup would go lower. Of course, dumb and/or negligent owners would go by projections alone or ignore makeup and ... voila! Busts!