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Properly created 12 word seed words have 128 bits of entropy, which is all that the bitcoin signature algorithm is said to provide. There doesn’t appear to be much to be gained by more seed words. However, calculating a hash is cheaper than an EC multiplication so there might be some gain, even if the number of bits are equal. I doubt that there would be any significant gain. Also, one seed phrase might be used for multiple cryptos or other purposes and these might use stronger encryption. So for some cases, there might be some justification for more seed words.