Thank you for bringing this up 
Voting for 33 percent line warning
An initial harmonious step. This has already proven to be helpful for other chains so to give some level of justice to Decentralization. This is not a perfect step but an initial harmonious step!
Delegates would be knowledgable to decide who to openly stake, as eventually ALL the validators would have same Uptime, ER over time as continuous improvement, optimizations, feature enhancements are being made on the network. This would provide equally inclusive opportunity to ALL the validators and delegators.
A greater choice will be made ensuring delegations shouldn’t be bound and decided by the factors such as Uptime, ER and engagements.
Kratos would see a greater value add as this would give a pathway to onboard close to (218-120) = 98 NEW potential validators (based on the current epoch 679). As of now, the 98 validators have been awaiting and has been paying the infrastructure fee so to get harmoniously elected.
They would be really motivated if they get a good chance to get elect. We believe, motivation embarks positive engagements.
Thus, this is going to massively scale the election process in favor of as many validators to be elected
More example:
218 individual validator(s) are always better than current (120). For Instance: Imagine if ONE of the TOP validator holding 80+ validator keys slots goes down, then the impact will be directly on the finality of the network due to degradation ( due to partial outage).
Nice Read on "What Does It Mean to Be “Decentralized”? @ What Does It Mean to Be “Decentralized”? | by Samuel Harrison | Harmony | Medium by Samuel Harrison 
Regards,
Kratos
ONE vision, ONE team