That's true, except there are future rounds to consider, right? For the first round, you should be picking 1-2-14-13-12-11-10-9, but that's only if you get to repick after the next round. Otherwise, you're SOL when those 3s and 4s make the Elite Eight or whatever.
I would suggest you take all of the 10s and 9s, though, and most of the 11s and 12s. But if there's a 3-4-5-6 seed that you think could go far, you shouldn't be picking them to go out in the first round.