I agree that a dynamic function would be best but I don't agree that a phase in a good idea, in that it will be difficult to tell whether it actually has any effects (good or bad) while the usage of the site and other things are changing over a period of months. Better to try something more visible and it if it causes obvious problems it can be revised.
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I see your point, and I guess a step-change wouldn't be a huge catastrophe. Here's a nice blend of the two: ensure that the hard fork and payout rules affect only comments posted after the hard fork. Then we get a nice 7-day period for the changes to implicitly phase in.