The only real problem I can see aside those that have been mentioned is that smugglers are barely existent, even in Liberty (though as ID's override the rules, if the Vigilante ID was brought back, then opening fire without a proper demand is possible). So really it's a two-way balance. If a higher number of smugglers were around again then maybe even LPI could get their boots back on and fly more again, hence kind of invalidating this faction, though a blend of your ideas is a good shout.