Single elimination tournaments are designed to crown a champion, not parse out who the best team is. In my examples above, the losers win those games 9 times out of 10.
Herb Brooks said it best in his pregame speech to the US Hockey Team before the game with the USSR in 1980, if we play them 10 times, they will win 9, but not this game, not tonight. Tonight, we are the greatest hockey team in the world.