I think this depends on the game. You could probably watch 90% of a tennis match from a single player’s viewpoint and not miss much. The other issue is how well you can switch views. Basketball is probably way to fast paced, but you could watch most of a baseball game from a pitchers viewpoint, and only switch to the overview after a big hit/bunt etc which takes long enough that a camera operator can easily follow things. Stealing bases which is normally a fairly borning part of the game would also be much more interesting with a more limited view.

Football would be somewhere between those extremes.

Hockey probably works well from a ref's viewpoint as they try and watch the action, but stand far enough back to get decent coverage.