The possible abuse is that everyone would have guard tags.
If the function was free, or allowed large amounts of derep, someone could easily bribe, lower rep, bribe 4 times, within a matter of a minute, and get a full guard tag, without doing a single mission.
Do we really want to see guard tags -everywhere-? Then what's the point?
The cost vs derep-amount has to be such that it's an affordable way of adjusting your rep after you've done missions, but at the same time, too expensive for someone to get rep with that alone.
Cannon's agreed to only make this flhook function if the -0.1/5mill restrictions were put in.
If someone has full guard rep, full faction rep, and 4 reps above guard rep, then he can simply /lower those 4 reps, then cancel missions until he has guard tag.