i think that was kind of the point though. women's programs don't (generally) make money, so there was little incentive to have them. Title IX came around and told colleges that if they wanted to have football and make money, they also had to create an equal number of women's scholarships. i don't consider that "messing up" the calculations. it seems like it's working exactly as intended.
perhaps reducing the football scholarships to 75 or 65 would drive those towards other men's programs, but i think the more likely result would be that women's programs would be cut.
That works as long as colleges can continue to use football players and to a lesser degree basketball players as cash cows that make those profits with the lion’s share going to the schools rather than being shared back with the athletes making the money. Will that model hold up over time?