Remember that the NET ranking is not what the committee uses to select or seed the teams. It is not the NCAA sanctioning anything.
It's just one metric.
They use it to sort the wins on the sheet. When sorting the wins to determine how strong a win is, would you want to sort the opponent by our best guess of how good a team is (so how tough the win was) or how good a season the opponent has had? The former makes a lot more sense.
When actually selecting the field, you'd want to weigh a combination of the two. Reward those that are the most deserving while also selecting the teams most likely to strongly compete for the championship. This is why the committee considers both predictive and resume metrics when actually selecting teams. It's why despite being in the 40s in KenPom, Providence was #15 in the committee top 16 reveal.
College basketball is different than most sports (especially pro sports) because the schedules are vastly different. In MLB, a win is a win because all the teams are professionals, and there are only 30, and they are roughly on par with each other in talent and schedule. In college basketball, a win over the #350 team at home is much different than a win against #6 on the road. Some teams only play teams worse than #200 in conference play, and some only play teams better than #100. We need better tools than simply just number of wins.