I know many project managers that handles good projects such as Jamalezaz, bounty detective, and many others most of them are either hero members or legend, I believe they have enough experience to handle it mere considering their ranks, not to say the rank is the only criteria to be a good project manager.i always doubt those project starters with newbie ranks.is it that they decide to use a new forum page,or were the restarting after being hacked or disqualified or how come a new be is handling a project? This are few questions that comes to my mind about newbie managers.
In my experience they (mentioned) are not much good quality bounty managers as you think. Whatever, you are right and wrong in same time about newbie bounty managers. It's possible and happened many times before that scammers tried to loot people with newbie accounts. So it's tough to believe a bounty project which one created by a newbie account. Other hand if a new legit project want to start a bounty program with their own then there is nothing to do, because no one will make their account to hero or senior member in couple of weeks.
So it's a good idea that don't depend on some one. Do your own research before you join any projects.