Just playing with ideas here but why should the winner of the winners side even have to wait around on the hotseat? I kind of like the idea of the two winners of the semi's on the winners side playing one set for first and second place.
The thing is, this is functionally not any
fairer than reducing double elim to single.
It might help a little with time constraints but that's it. Compare the ideas:
Double elim:
It goes down one of two ways...
A: 1st place has no losses.
2nd place lost twice, once pre-finals and once in finals.
or
B: 1st place lost once, but then beat the previously undefeated hot-seat player twice.
2nd place lost twice, both times to the eventual winner.
It's fairest on paper because the winner always has fewer losses than 2nd place.
Double elim, but single race in the finals:
A: 1st place has no losses.
2nd place lost twice, once pre-finals and once in finals.
B: 1st place has 1 loss (pre-finals)
2nd place also has 1 loss, but it was in the finals so he's done.
This is seemingly unfair, but just half the time (situation B where the early loss guy beats the hot seat guy in the finals. In situation A it's not really different from a true double elim tournament). In situation B, both guys have only lost once but one gets the greater reward.
Hu's idea (the two winner's side guys will be the 1st and 2nd, with loser's side being 3rd)
This is effectively a single elim. tournament (losing once before the finals means you can't get first or second) with an extra 'hard luck' tournament where the best-of-the-rest can fight for 3rd place money. In this setup, the result is always the same:
First place has 0 losses.
2nd place has 1 loss (to the first place guy)
3rd place has 1 loss (he came out on top of the hard-luck mini-tournament)
So in this case, two guys with tied records are still getting different payouts, but at least the clear winner gets the first place cheese and the only 'unfairness' happens between the 2nd and 3rd place guys.
That seems better at first glance but it's not... because once you lose early, your hopes of both first and second are gone, while in the other formats still allow an early-loss guy to take home the grand prize. Might as well call it what it is, single-elim. And if we're ok with single-elim, then you might as well just go with the double-elim (but single finals set) tournament where everyone at least has a shot after one early loss.