Yes, it would balance it out. You don't seem to understand how the system works. Do you know WHY the high tier mats are 0.01? It's because you can't use them due to the lack of t1 mats required to refine those t5 mats.
The system is not broken, it's unbalanced.You are also biased. New World isn't broken yet needs to be fixed. Strange no? If it isn't broken why change it?
There's a clear difference.