I always liked the Champions tour. It was best in the 1990's with Jack Nicklaus, Hale Irwin, Lee Trevino, etc. I think the next couple years it could really get good with a lull in middle but then come back at the end of the decade when Tiger Woods, Lee Westwood, Paul Casey, etc get close to 50 y.o.
There are way to make it better it think
1. Needs to have World Golf Ranking points.....this is BIG one. And long overdue I think. Top players on Champions tour are very much in same league with Korn Ferry tour and PGA Euro tour
2. Return the Warburg Cup. Today you could have players in their 40's like Adam Scott, Sergio Garcia, Tiger Woods, and Justin Rose compete now. Phil would be in the 50's half of the USA team now.
3. Could allow eligilbity to start in the 50th birth year..so 49 year olds can compete. Most pros when they are 49 don't do much anyway. Exceptions being Phil, Kenny Perry, Fred Funk, and a couple others.
4. Better online streaming coverage. 2 hour broadcasts on golf channel alone don't cut it.