Is it good? Well, a lot of people are cheering the change. The FAA doesn’t normally make things easier for the average Joe. This will make it easier for an inexperienced (but still fairly wealthy) pilot to get their hands on a real hot rod of a plane. There’s probably some additional risk, but the FAA has clearly recognized that one of the biggest dangers too flying a high performance aircraft is having to land fast. 200 kts vs 100 kts doesn’t make a big difference in risk in straight and level flight, but landing at 80 kts vs 55 kts does make a difference.
I don’t know where I stand exactly. It’s a big jump. Surely this is going to cause some old geezer to be screaming through a congested area and not be able to keep up with the ATC traffic calls because he’s never gone this fast before, and he’ll have a midair collision. Surely this is going to cause someone to buy a “light sport” aircraft with 280 hp and a huge prop and they’re going to crash taking off. But I think that overall I’m just being overly cautious, and most Sport Pilots are too poor to afford a plane that burns 15 gallons of avgas an hour, so most of the new planes under MOSAIC won’t be that powerful. I am curious to see what kind of new aircraft become available, and what the long term safety impacts will be.
Edit: for about five minutes my post said “not approved” when I meant to type that MOSAIC is “now approved”