For the sake of credibility, you should not misrepresent it as “just 5bps” or “.005%”. The difference for an LP is 16.6% of income, it is not immaterial.
What about less-than-large LPs? What about those that don’t hold UNI or hold few relative to their LP shares?
Why don’t you collect address data and present a thorough analysis for everyone, so community can compare guaranteed losses of liquidity providers and potential gains in case they happen to hold UNI? I find the current proposal quite heavy on opinion and light on details.