It's not fair. Higher-ranked users still need sMerits to reward other users. You should merit posts that deserve it, regardless of rank.
Lower ranked members also need sMerits to reward other users and, most, if not all, merits sources are higher ranked members.
Im only giving merits to posts that deserve them, so, in my opinion, your objections dont hold.
I think the sole criterion should be the benefit the post brings to the forum and its members.
Im only giving merits to posts that benefit the forum, so, your objection doesnt hold.
As you can see, I have awarded merits to two legendaries in this thread.

Yeah! Im not surprised that those complaining about what I say are higher ranked members and those who agree are lower ranked ones, lol!