The way I see it, the pot is just there to make sure everyone has a fair chance to play different quality teams, so the draw won't let one team to play only pot1 teams or only pot4 teams, it is not perfect but it regulates a bit, so in theory if one truly has the quality of a pot 1 team, they should be able to make their way to round of 16.
However, there is no incentives to achieve the pot 1/2 status in the new format, which you will always want to perform in CL matches in general, but not in all UEFA competitions, which might lead to the accuracy of the pot dropping i the future.
It just doesn't give privileges for status anymore, which to me in the past the reason for having seeds is to create higher chance to see big teams play against each other in later stage, now it is letting big teams play against each other earlier but with some safeguard to help big teams to proceed if they have the quality, like the top 9-32 have another round, in case there are some randomness upsets.
The hardest part of this new format to me is a lot of prep work for the teams, as you are playing 5 more different teams, 5 more researches and match prep, and 5 more different style to adjust to, which is the fun part, different style match up.