I completely agree that open tournaments should be played even but I think the entry fee should not be even in regional tours. There are some parts of the country that pool is not as big as some other areas so it is hard to get a decent turnout. If a new tour starts you usually get a huge field in the first season but after that the lower handicaps finally realize they have no chance in cashing and stop playing. So you get less and less players and eventually the tour just becomes the same 20 guys playing and the same 5 guys winning. The players that have no chance in cashing are the ones that make the payout bigger. In some tours you get a field of 64 players and only 15 might have a chance of cashing. Those 49 other players are making the payouts what they are.
With the handicap entry fee I feel like all the players benefit. The strong players end up getting better payouts and the lower handicaps get a better chance of cashing, learn something, and hopefully keep supporting pool and the tour.
I know you are "old school" so you might not be open to this idea and I understand that, but pool is dying so maybe it is time for something new.