For example it would allow people to downvote content they don't like without leaving an opportunity for the rest of the community to upvote it back up. I think that is important for the community to be able to combat "bad" downvoting.
Well it's the point of why we're having a community. Let the people decide and see for themselves who are those narrow-minded acting like a social media dicktator. Suppressing individual freedom of speech just because you have the power to do so is a form of oppression.
Zuckerberg, given his tremendous power and mass-control is not even immuned from being bashed within his own house. Let alone in an open market community.
If history is any indicator, it is only a matter of time before a tyranny will eventually fall. No one likes the idea of bullying those who are powerless for sure. Time will come they will face the consequence of their ill-motivated actions and will be haunted by their own shadow.
After all it is completely visible by the public eye who are those serial down-voter without any valid reason, just because they see something that are not in agreement with their fragile state of mind.
You might say this will encourage flagging war between crypto mercenaries, well this is already happening. So be it! At least by implementing a new voting parameters, the reward pool is rescued from those opportunistic Steemers lurking at the edge of time.
As far as I can see, this is the only way you can preserve the reward money while retaining the essence of freedom and decentralization. The system benefit simply outweighs the potential dangers.