I think its sad that Motel 6 and the PBA use a $150,000 prize fund in this way. I'd much rather see an end of the year tournament to try and win this money.
I think they should make a final tournament with the Top 16 bowlers in points. This will give bowlers an incentive to bowl all events and put a larger emphasis on points.
Have the top 16 bowlers bowl 25 games of qualifying (5 on each pattern). Cut to the top 4 for television. All non TV bowlers receive 5k.
For television, you choose the most fair pattern for all styles (probably chameleon). You bowl round robin matches with the 4 bowlers and then the top 2 bowlers bowl 1 final game for the title. You have two pairs for television so two matches can be going at one time.
$50k 1st
$20k 2nd
10k 3rd 4th
5k 5th-16th
This was you have a little bonus for top ranked players.