i agree with the prinicipal with what you're saying - but i'm not sure that the way it's being implemented is very logical (although admittedly I haven't read about HF 20 apart from what you've written here) - a limit of 1.2SP for voting might seem logical now - but is it future proof? what if the price of steem goes to $1000 - and that 1.2SP means you all of a sudden need $1200 invested before you can make the most miniscule of votes. It makes the whole thing seem not very scalable.
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There was talk of making the minimum a witness-set parameter, and if it sticks around long enough for Steem to go to the moon I imagine that will happen.