I'm not sure that I follow the 'seeded higher than it should be, or lower than it should be' comment. I'm not saying we couldn't make the step up. I have no doubt we could. It's a long way from saying we could step up into the A-10 to talking about the matter of WHEN we would win a conference championship in that league.
Richmond made the jump up, they haven't won a conference championship yet, but they did get an at-large last year. That's what I would expect out of our current program if it had played in the A-10 the last couple of years, maybe a couple of at-large bids.
UofR never really had quite as athletic or talented teams as VCU necessarily did over our collective histories, but they do have the bigger NCAA wins and national profile because of their reputation as a giant-killer. Any serious fan of college basketball over the age of 35 will remember big wins over Auburn, Syracuse etc. Lots of big wins. We played in a stronger league most of the time (Sun Belt and Metro were both stronger than the CAA when we played in those leagues) and then shared the CAA with them for sometime before they moved up. It's easy to say we are a better all-around program since after the Dick Tarrant era at UR, but Tarrant's teams got much more national publicity than even some of our 80's teams because of the Spiders' 'Giant-Killer' reputation. He led his teams to 5 NCAA tournaments and 4 NIT bids in 12 years as a coach at UR with 4 NCAA wins (including a Sweet Sixteen). That's like us saying since the JD Barnett years, program X has been better than VCU.