Thanks for the kind words!
The goal of our liquidity mining program is to run temporary campaigns to bootstrap activity into key pools on Uniswap. The intention is to turn the campaigns off after the pools have been bootstrapped and are generating sustainable volume. Funding these types of programs using fees collected through the protocol fee switch would confirm our thesis that liquidity mining, in the short term, can be a long-term positive ROI endeavor!
With regard to your proposal, this current incentives program will be distributed proportionally to LPs by collected fees- effectively enhancing the returns to LPs whose liquidity is actively driving volume to Uniswap. It could be interesting to discuss this further, given that if these existed together, fees would be taken from LPs using the protocol fee switch, but then redistributed back to them through liquidity mining.