I'd love the money, especially after this disaster of being on first year pay.  But coming to NK 10 months ago has been life changing for me, I made nearly 6 figures at my last job, and I left it for the quality of life.  And right now I just don't see it in this.  Reserve drops is a big one, I realize this is a big one for the company, I'd be fine with outside-In for R drops.  And if you can't drop reserve days theoretically (this is just my opinion, not based on any actual math or science) they will always have the coverage they need, and the X/Y list will be fairly useless for guys that want premium trips. Oh and Red/Green board, I've noticed in ORD/FO the last few months the min buffer has crept up.  It's now at 9 per a day, Last month is was 8, back in November it was 7, this past summer it was 6.  Looking at this and last months bid packets there is less anticipated open flying this month, but the buffer went up?  But maybe they just like to DH the ORD reserves as thats what I did the majority of the time I was on reserve. 
If this thing passes I'll be sitting as an FO for a much longer time to avoid reserve as a capt.  No dropping really makes it a punishment IMO Also on the flip side if this thing passes I'd be willing to bet the farm that we will see an aircraft order announcement 1-3 months after DOS which continues growth and will keep reserve times down but even that is a big unknown. 
I still have a lot of reading to do, I only got through about 50 pages today, and full disclosure this is my first airline, I might be reading too much into things, I'm still learning as I go.  But this thing doesnt look all that spectacular.