Nightreign players have figured out a way to guarantee you'll be at max level when fighting a Nightlord, but unfortunately it's super boring
I've got a few dozen Elden Ring Nightreign expeditions on the books, and it shouldn't surprise anyone when I say they haven't all been successes. Many of those failures have come agonizingly close to victory, where my team's Nightlord target survived by only a sliver of health—a sliver it probably wouldn't have had if we'd entered the arena with one or two more levels.
Luckily, Nightreign players on Reddit have found a method for ensuring you're always at max level when you face off with your run's final boss.