Maybe, but I don't see how upping the average Steem distribution to the lower 95% (SP holders) can be viewed as a bad thing. If the people already using the system think that it's broken, who's going to sell it to the fence-sitters and those currently unaware of Steemit?

Make it right before you go alpha.

By all means, take everything you said in your first post into account as well, but we can't forget about the importance of calibrating the math side of the system to ensure the highest possible growth/ retention, either.

It can be bad to focus too much on the big picture (future), as well, particularly when something can clearly be improved in the short-term that will help calm the turbulence within the current community.