Since the limit in Premiere multi-cam is 4 camera feeds, I don't see any other way then to do 4 at a time. Then put both target tracks on a sequence and sync them together and do a 2 cam edit. Don't know how well that will be, but other than manually placing all 8 tracks on one seg. and cutting by hand, that seems to be it. You shouldn't have any problem syncing them up.
See? I told you that you'd get an answer out here, and quickly too!
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Assuming all cameras were on continuous roll nd therefore in synch.....I think I would aproach it like this:
The band and the director probably know which of the two performances (takes) were the best.
That one I would edit multicam.
Then I would look at each of the rolls from the other take and cherry pick the shots.
An NLE, like PPRO ,can work a bit like a vision switcher in the sense (and I am sure you know this) that the Upper Track is dominant over under lying tracks. You can use this to your advantage as you cherry pick your other takes. eg find a section you might like to use then toggle the track on/off to see where it fits into the multicam edited sequence.
I hadn't seen that layering of sequinces explained like that. I was trying to work out something like that and that tutorial laid it out for me. All I have to do now is make it work.