I think YouTube has possibly swung too far in the other direction,
Maybe. Google is a strange bird. I wonder if it is copyright they are concerned about. They seem to go on a furry against whatever suits them at that moment and crush all they see.
They did it to crypto a number of years ago.
given the amount of money at play at this stage I'm confident its a non-event.
I think we can be highly confident of this. The legal fees would far outpace what the payouts are in total. I dont think it is worth the fight over a few bucks here and there.