In my mind, it just makes more sense to just say, "Okay. This has technically become a new jump, so we might as well give it a base value and grade it on how it's performed." The fact of the matter is, right edge or not, it could still be done with three beautifully positioned and complete revolutions in the air with a clean landing worthy of positive points. Somehow it just makes more sense to say, fine, a flutz is worth a base of 3.0 (just an example), and have it be judged it from there. That way, you are awarding the true lutz more and it can't be taken advantage of by a skater who can't properly do one adding it as a part of their program for points or just to have it, even though they know they will have edge deductions and negative GoE's for their "attempt."
I'm not so sure whether it makes sense or not but if we regard flutz and lip as ratified new jumps, technically aren't skaters supposed to learn and excute all four flip, lutz, lip and flutz to maximize their scores? In that way, they can do at least two more triples.
That sounds very, very strange. It seems to be very funny answer to me.