> In FPTP, the candidate with the most votes just wins, even if that is only 15%. A second round for the two most popular candidates is still better than that.

In practice, most US elections are preceded by explicitly partisan primaries, and that's the status quo you should be comparing against.

But that's something that they can continue doing. There are many countries where they have a second round between the two candidates with the most votes, and in those countries, parties generally send only one candidate. And that's what they'll keep doing under this system, because they want their candidate to end up in the top-2.

So unless you actively ban any kind of candidate selection by the parties, that is what would also happen in the US.

I believe the particular design of the top-two primary allows anyone to enter the primary and list any party as their "preferred party." So the party might endorse a particular candidate, they can't prevent other candidate from getting on the ballot under their party name.