having one happen because you were distracted at 300-500 AGL.
Here's the thing. When you routinely do spins, you can recover from a one-turn spin in 300 ft. in a 152. When you are really proficient in stalls, you can usually recover with no loss of altitude, and you can stop a spin in less than 300 feet.
If this were the standard on checkrides, that would be the training objective, and the result would be far less stall/spin accidents.
At first, under our present system of training, there probably would be an increase in stall/spin accidents because of the lack of training/proficiency in that area, but as pilots and instructors became proficient, the stall/spin related accedents would all but disappear.
Also, many other areas that are not considered stall/spin related would be affected. When a human is subconciously worried or afraid or 'concerned' about a possible death-threat, you know it affects his conscious thinking/decision-making process.
....and Old Pete has the same memory that I do about the elimination of spins. Cessna and/or Piper 'pressured' the FAA to remove spins from initial pilot training because, it is true that the 150 and 172 was 'spin resistant' and there was not the actual need to be proficient in recovery from actual spins, but the darn things still roll over upside down into a steep spiral when you push too much inside rudder in a steep tight turn base-to-final, so...
Instant knee-jerk throttle-off-opposite-rudder training is necessary to react to an unintentional upset.
It is the actual entry into and recovery from a spin/spiral that teaches the ability to recognize the oncoming situation before it happens.