...So it would come down to personal preference alone.
It does come down to personal preference
We are all free to choose which mode we wish to play in
If you wish to interpret that as choosing your risk level, I would not disagree.
However, if I understand correctly, you are suggesting that your choice to play at a higher risk level should be rewarded as per your guidelines, this is where I disagree. Players all payed for the game with a clearly defined understanding that all modes were going to be treated equally.
Additionally, you are overlooking OBVIOUS advantages in Open play for higher income opportunities via tactical trading dividends, wings bounty hunting, wing missions, etc.
Ultimately, as always, the argument is just another plea from an Open player to force other players into Open mode so that you can have more live targets.
This argument has been rejected by FD repeatedly.