It would be appropriate if they only accept accounts with less negative ratings than positive ratings. Neutral would also be allowed of course. That would come closest to the rules we had before the update.
Of course, the optic is different now but the users have remained the same and are still tagged for bounty abuse / purchasing accounts or similar. If they are allowed again to join with all of their tagged (multiple) accounts we'll see masses of spam again and people starting to sell red trusted accounts. I would not underestimate it and hope that bounty managers will not consider to let tagged accounts enroll in their signature campaigns.
I'm sure the most BTC paid campaign managers will consider to do it like that but I doubt if some altcoin managers will do the same... I hope so.