The average player will go for say $60 in the auction, which means even to buy 1/2 of themself back from the high bidder, now they have $60 invested in this tournament, not $30.
For a number of players, that is closer to or more than $100 invested. Yes, I realize participating in the auction is optional, but most players do buy back half of themselves if they don’t buy all of themselves.
When you have a player in the field that is better than even money to win every time he plays because his handicap is not tough enough, that can seriously compromise your entire Calcutta and your tournament, for anyone who is smart enough to figure out what’s going on.