No 8-loss AAC team is getting a 5 seed. Those results, which, sadly (in context of preseason expectations), look optimistic at this point, likely end up with a 7-10 seed.
Did you have a look at the RPI chart predicting where UConn's RPI would be if it finished with 8 losses?
35-40.
That puts UConn in the top 25.
You would then have to ding UConn for an easy conference record, but forget about the fact that it went 4-3 against good P5 competition: Texas, Ohio State, Michigan, Georgetown, Syracuse, Gonzaga, Maryland.
As I wrote in another thread, everything depends on the conference tourney. If UConn flames out there, then it will still make the NCAA tourney with 8 losses, but it won't get a decent seed. Similarly, last year, SMU had a much weaker OOC than UConn has this year, and still grabbed a 6th seed with 6 losses.
Now that I look at it, 5 seed may be too high. But I would expect no worse than a 6 since UConn's OOC is pretty formidable compared to SMU's last year. SMU also won't be in this year's AAC tourney.