I agree with this first of all. Also, RJ's head is going to explode when I show these stats for the top four seeds (as seeded by the committee, bringing about its own conflation issues):
In games decided by five points or less, the top 4 seeds (16 teams) are 79-31
In games decided by three points or less, the top 4 seeds (16 teams) are 47-19
In games decided by one point or less, the top 4 seeds (16 teams) are 16-3
Of most interesting note, is the fact that the teams outside of KenPom's top 10 who got a top four seed (Wisconsin, Michigan, Syracuse, UCLA, SDSU, and Iowa State) went 9-1 in games decided by one point or less and a ridiculous 20-4 in one possession games. This of course presents the classic chicken or the egg issue: are they good because they win close games or do we just think they're good because they're winning those close games? Also important to note here is that these are the stats which are going to be most favorable to the "good teams win close games" argument. The tournament ranks and seeds teams on this theory, where good teams who also won close games are going to be seeded above other good teams who lost close games (as BMoney says above, I agree with this theory) but it's been proven to be true by KenPom and others that over the long run, good teams avoid close games they don't win them at a higher rate than anybody else.
By taking the committee's top 16 teams, it removed most unlucky teams from the pool, thus making it unlikely that the record would be closer to .500. In other words, there is a serious conflation issue which makes it difficult to discern anything from these numbers.