Been there. Done that. Long ago. Tom Monroe ran events with the flighting format back in the 80s in Florida. Makes sense in places where you don't have a reasonable way to identify player skill levels in advance.
When Gotta Go Gotta throw started in the early 90s, they ran a popular league with a $2 entry where a disc was awarded for every four who entered. The pay positions were flighted based on the number entered. For example if 32 entered, discs were awarded to those who placed something like 1, 2, 3, 9, 10, 17, 18, 25. Unless you knew you had a hot round likely to take one of the top three spots, you never knew if making or missing a putt on the last hole might move you from 9th to 8th and miss the disc or from 16th to 17th and snag one. Lots of fun and the format worked well in the earlier days of DG where there were almost no retail stores to get discs and the online DG environment was still 10 years in the future. And that's one of the key ways GGGT got their business off the ground.