The chronological timeline is an algorithmic timeline. It uses an algorithm, sorting, to display the best content.
What they want to use instead is a different, inferior algorithm (for you, or you wouldn't hate it so much), but which is superior for them. That algorithm is not the only profitable algorithm, it is one of many, your preferred system is also algorithmic. This is just an algorithm that uses a black box nobody understands, or even tries to understand, or even tries to read (which they could, they have access to the weights of the neural net), and consequently, which they can claim to have no responsibility or even power over.
They're actually more heuristics, not algorithms. As such, they have all kinds of failures, many intentional. Algorithms (at least in my book) are generally are air-tight, and verifiable. Like you chronological feed, if two items were out of order, you could see it and it would show the algorithm to be wrong. It would have to lie about the date (which you do see sometimes) to fool you.
These heuristics are really just the man behind the curtain, imposing his will in an algorithmically-amplified way. It is driven by a dual goal of profit and political ambitions, with the latter being weighted more highly.