I hear what you are saying but after 2 years of TDing my own league, I have seen people get into the upper ranks by sitting and waiting, not risk taking. They are being rewarded because they aren't calling the big bets. True, anyone can get hits, but not everyone risks their stack to call an all-in. What if someone maintains their stack through the entire game while another player takes everyone out. Then the player that takes everyone out is unlucky (most time luck is all that matters between 1st and 2nd) and loses to the safe player. Has the safe player earned their 1st place? Yes, but if they complain because 2nd got more points then they did, then they should start playing some poker and taking risks.
There are different types of players and not all players are the risk taking type of players. You can't take risks if you don't catch the right cards. If someone moves all in and I have a crap hand, then I should fold. If Mr. Jamie Gold to my left plays 2 3 just because it's suited and knocks out two players doesn't make him any better of a player than I am. My point is that if you played your best and ended up the winner but didn't necessarily catch the right cards at an all in time, you should still be rewarded the point leader for that week. Would you agree that the guy that finishes 2nd and knocks out 10 players deserves more just because he caught trips every other hand?
I agree with the poster earlier that said there is not one correct formula because we would all use it. I'm just saying that after two seasons and going into my third in February, everyone keeps coming back week after week and no complaints from no one about the point structure. This makes me very happy...