I’ve done a suite at state before. It was a nice, fun experience but not something I personally would pony up the cash for. I went on an invitation from a friend whose employer had their own suite at the Schott for the entire season.
For as much you’d pay, I don’t think you’ll get that great of an experience compared to the regular seating. You can watch March Madness on the TV in the box, you can sprawl around and watch in complete comfort, and you may even see a former Buckeye hanging around the area. The year I went, I got to meet and chill with Troy Smith. But again, these are a lot of bells and whistles just to watch high school basketball.