True. But if you make the disease not deadly at all, then no one dies, regardless of how transmissible it is.
While it seems rare, it also seems like a much deadlier outcome.
One of the reason there's a lot of gas behind rolling this vaccine out quickly is that we want to avoid allowing the virus enough time to mutate up some different strains that this vaccine isn't effective in preparing us for since that makes the vaccine far less effective overall.
On the other hand, if the vaccine reduces the transmissibility of the virus, then everybody collectively benefits from each additional vaccination.
This has happened with other diseases.