It says nothing about their seedings. These weren't predictions about which teams were most likely to be the top 4 seeds at the end of the regular season and conference tounraments, but rather an assessment about which teams had proven the most before last Thursday night. Oregon and Louisville had proven a lot more than Baylor at that point, so they were "awarded" 1-seeds. I'll bet that if they were to do a reveal tomorrow, Notre Dame would be one of the new 1-seeds, but that doesn't mean that the committee blew it when they chose and ordered the initial top 16.
Sorry, but I see it differently.
The NCAA is sending mixed messages, including a message which I think is highly inappropriate.
It is not about who has "proven the most". Baylor has proven a lot ( and I mean before the Texas game). They had one anomalous game against UCLA when they were missing both Lauren Cox and Kim Mulkey, and I bet that the team had some emotions related to those issues. Other than that, they had one every single game by more than 20 points. Granted, the scheduling strength wasn't particularly strong, but if the NCAA didn't have this irrational objection to looking at margin of victory, they could figure out just like every computer model can figure out that Baylor is definitely one of the top four teams in the country and probably in the top two.
Their overemphasis on strength of schedule is virtue signaling. They aren't sending a message that you should be good at playing basketball they are sending a message that you should follow some artificial rules we think are important.
And they can't even follow their own nonsense rules.
They didn't pick Notre Dame as one of the top four teams.
You want strength of schedule? Notre Dame signed up for the strongest strength of schedule in the country. Despite that scheduling, they only lost two games both of which were to teams in the top four. The schedule strength was stronger than Oregon who had as many losses, one of which was to a decent team but far weaker than the teams that beat Notre Dame.
One can make a case that Notre Dame has suffered horrendous injuries and thus may underperform in the future. But which is it? Is the selection a projection of how they will do in the future or how they done in the past? If it's how they are likely to do the future I can justify dropping Notre Dame a notch but you have to move Baylor up. If it's how they've done in the past, you can't even knock Baylor down without introducing your artificial rule (that how you've done in the past doesn't mean how you play on the court but how you schedule your games), and under that measure Notre Dame ought to be in the top four.
I know the selection process is tough but I don't see any way out of the conclusion that the NCAA judged Notre Dame by one set of standards and Baylor by a different set of standards.