I like the idea of playing in the Pac-16. A few teams in the Pac may be down right now, but that has traditionally been a very good basketball conference over the years.
Honestly, I don't believe OU has much choice. I think the Big-12, as we have known it for the past decade or more, is doomed. Even if the conference survives it will not be as strong as it was when Nebraska, ATM and even Colorado where listed among its members. Name recognition from schools like Nebraska and A&M mean more than what their basketball programs have brought to the table over the years.
My biggest concern about a move out west is how will it affect recruiting? The football program already has an established recruiting base in some of those states, especially California. Can we do the same thing in basketball? That's a question I can't answer.