Could you try to calculate the TES of some famous performances basing on your rules (I'm not talking about the changes in the structure of the progams, obviously) and see how they change?
Yuzuru Hanyu's TES in the LP at 2014 Olympics would be scored as approximately 77.33 rather than 87.66 (including fall deductions). Assuming good judging his PCS would obviously be significantly lower than the 90.98 he received as well. We'd be looking at about 156 for that performance rather than 178.
For a comparison between performances, at 2014 Worlds Hanyu's TES would increase to approximately 91.31 - a difference of 13.98 points for a clean performance as compared to a performance with two falls. In this particular instance it's not a huge differential between what happened in the current system (his TES increased by 12.27), although that's because under the current system Hanyu's 3S in sequence at the Olympics received no credit at all.
The major difference is that under the current system Hanyu's 4S fall at the Olympics was worth 6.5 points. Under this system it would be worth 3.4 -- a very big difference in loss of points for falling on that element. His 3F fall under this system would also only be worth .9 points, rather than 2.4 points.