Yeah, I'm 100% behind full-time officials. At the bare minimum they should make referees full time. That would ensure that every crew is being led by someone doing it as a career. Hopefully this is just a short-term thing. 2019 is the last year of the officiating CBA, and this move is clearly a direct result of that.
As for League revenue, I think they have options to maintain current levels. Their DirecTV deal needs to DIAF so they can replace it with a dish-free streaming option. I would buy in if they made it streamable and cut the price to $100 for the season. And even then, I don't need every single game for that price. I really just want prime time and all of my team's games. Maybe it won't be exactly 1:1, but I suspect many more people would sign on for that deal, offsetting the "loss" of making it more affordable.