I personally believe that the timer lock-out is such a bad, VERY BAD, "griefer deterrent". I may hate griefers/gankers, but cmon, they spent $30($60 if they got Horizons) on the game just like the rest of us. Despite their despicable choice of gameplay, they shouldn't be punished in the way of basically "soft banning" them for ANY amount of time.
Notoriety isn't a soft ban.
It prevents the player from clearing fines and bounties on their ship.
So, say I'm doing some wetwork for a NPC or blasting a surface installation. If I'm doing a mission my activities will generate fines and bounties and I'll be wanted, and even hunted, but I can visit an Interstellar Factor, pay the fines and I'm golden.
If I'm not covered by a mission, and I say blow up some obnoxious police or whatever, I'll gain notoriety. Each point takes an hour or two of play in that ship to clear. While notorious I'll get interdicted a lot more.
However,
I can switch ships and be like nothing happened.
It's annoying, but not punitive.