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I think it's a bad thing from a custody pov. Just like removing boosts is bad from a sybil pov. And removing downzaps is great... from a shamelessly self promoting scammer pov.
There are multiple hooks into the system as a whole and if your discussions (and my endless venting so I can cope with things) are proving anything, it is that balance is really, really hard to find.
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Since rewards are the mechanism for turning CCs into sats, we'd at least need to replace that with something.
Ultimately, I think it is better to make everything withdrawable sats that can be withdrawable sats and moving in the other direction is sort of scammy.
I've also kicked around the CC rewards concept.