It's important to distinguish between phase and polarity, two related but very different phenomena. Phase, in the specific sense, is a product of a time difference between two signals that have content in common.
This ^^
Apparently it's not important, since no one does it, not even big name equipment manufacturers or software developers.
Labelling the 180 degree polarity flip button "phase" is about as correct as naming the volume slider "pan" and just saying, 'egh, it's fine.
Everyone knows what we mean. You're a pedant.'
Maybe I'm misspeaking, but when you take something, duplicate it, and flip polarity, isn't it now perfectly 180 degrees out of phase with itself, so it cancels to a null? Maybe I'm using the wrong term here, but that's what I'm trying to say - in the mix, you have a pair of "side" tracks that sum to zero when recording something M/S with a figure-8 mic capturing the sides.
If so, then yeah, I'm not a fan - it either basically sounds like a mono recording because your side tracks are low enough to be essentially inaudible, or they're high enough to be heard and if you move with respect to the speakers you're listening on you get these weird hollow sounds as the side tracks progressively move in and out of cancelation. I can't really understand why someone would want that effect. Probably sounds great with headphones, but play that back into a n acoustic space, and it's a hot mess.
Unless there's something I'm not understanding here, of course.
It sounds like you understand it just fine.
From your descriptions I'd guess there isn't much of a stereo image to capture, so you're having to increase the sides way too far to hear any appreciable effect.
...or you simply don't like the sound of M/S recording.
Doing a solo voice test in a well treated room, for example, isn't likely to have much interesting information in the sides.
Doing the same in a very live room would be a very different story, or with three singers side by side.
I don't usually bother with the "er, well, achsully it's polarity, not phase" but it
is important in this context because one of the main benefits of M/S is that it's impossible to have phase issues.
Phase issues are the result of sound arriving at different microphones at different times and are with reference to a particular frequency.
With two mics unequal distances from the source you can move one of them back and forth slightly, altering the frequency at which they're out of phase.
With polarity (180 degree, anyway), it's either in or it's out.
The reason you hear anything at all with your wide panned opposite polarity tracks from your fig-8 mic is just because of the differences introduced from your speakers, their positioning, the room, the asymmetry and uneven density of your head (not an insult

), etc.
As you move around in your room, the degree of perceived cancellation will change, so that's the phenomenon you're hearing,
but I'd argue that the sides shouldn't be high enough for that to be an obvious or distracting thing,
which is what makes me think your test recording didn't have a lot of left/right information to hear.

That image ^ is an example of waves out of phase -
Not opposite polarity.
Notice they start at different times. That's because they arrived at the microphone (in our world) at different times. I.E. One mic was farther away than the other.
There's theoretical perfect cancellation there
except for right at the start and right at the end, when one track is flying solo.
Consistent cancellation in this example only works because it's an unchanging frequency.
Once you do it with real audio you'll have cancellation at that ^ frequency but the majority of the audio will be fine. (look up comb filtering?)
Sorry folks, pre-coffee rant over!
