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Conflict of Interest
I also think Mike does a good job in trade evaluations and I don't see a better method.  Mike Bravard is obviously very knowledgable.  I think the PB depth charts are the best and most updated depth charts on the net.
I do share some concerns about the commish involved in leagues as a participant.  Ultimately, a totally neutral, uninvolved person would be best.  People value players differently, particularly prospects.  I know when I draft a rookie I hope he's better than a similar rookie.  Sometimes it's difficult to be objective because you WANT that player to be better just because you own him.  Managers tend to over-rate the potential on players they own. 
Perhaps, Mike might value the players he owns more than others.
That's just a small point, anyway.  Whoever is going to do the job is going to have biases.  It's virtually impossible to find someone totally objective.  I like the idea of a second commish.  I don't think Mike would ever manipulate a league for his benefit, but a second commish would satisfy those who think he might.  It would also provide Mike with an experienced "second opinion" for when he has doubts, and vice versa.
If this isn't a possibility, then I have no problem with the system as it is.  For the most part, trade conflicts are an exception, not the norm.