Right, because all the political power in the game is derived from the links you, personally, can click to change stuff.
....Wait a sec....
The reason a duke of a one-realm duchy should be powerful is that he can destroy the realm. The reason you should decentralize power is to make sure that one duke doesn't have all the power. At present, the most politically stable realm design that gives the least direct power to the dukes is to have one duke, which doesn't really make sense, nor is it really balanced. Why should a small duke be more directly powerful than a large one?