This is how I'd vote as well. No reverse conversion. Besides, did anyone address the main concern brought up in the white paper about the reason we don't have a reverse conversion in the first place? I haven't seen it, quoted below:
If people could freely convert in both directions then traders could take advantage of the blockchains
conversion rates by trading large volumes without changing the price. Traders who see a massive run up
in price would convert to SBD at the high price (when it is most risky) and then convert back after the
correction. The Steem protocol protects the community from this kind of abuse by only allowing people
to convert from SBD to STEEM and not the other way around.
In my eyes, the market is not mature enough to deserve having a functional peg. It will work out eventually. And let's not forget that right now we are printing SBD at 5 times the rate that we were before. What's the rush anyway? Let it go back down naturally.
I want to remind everyone that SBD is intended as a debt instrument first and foremost, and right now the market is (stupidly) valuing this debt highly, but hey, supply and demand right? What will happen if we implement this reverse conversion and SBD price slams down below 1 USD, and people actually use the "conversion" function to flood the STEEM supply? The blockchain also makes assumptions about not printing too much SBD, and will stop printing SBD if the debt ratio is too large. What happens then?
The system right now is easy to understand. Let the peg go down by itself, because it will. And note that when STEEM price is higher, and the supply of SBD has become much larger, it makes it much more difficult for people to continue stupidly propping the price of SBD up in speculation.
Thank you for listening.