This. Reputation based review standards is pretty low hanging fruit.

You literally already have an ongoing relationship with the party in question, which is usually one of the biggest hurdles to reputation systems (new users).

I expect the real reason they haven't moved in this direction is fundamentally App Store review is seen as a tool of ongoing control rather than quality. So the more frequently something has to pass through it, the better.

If Apple can "find an issue" with your app every time you update, that's a very different relationship than an ongoing approval.

PS: Would also require developers to inform Apple of any company sale / dev team replacement to prevent abuse (Didn't mention you sold your company? Ban).