For 10 years I've managed a family of 4 in a single KeePass db. Unique passwords across all accounts, random passwords instead of PII for "security questions", fake DOBs, and all other random security related stuff. Never had a single issue. Everything happens instantly as far as I can tell. And the file is 67kb.
My work dbs, separate only because they should be, are much smaller and simpler.
I love KeePass. Changing everything under the hood probably only has potential to make pain for the user. Best case is that nothing is made noticeably worse. Doesn't seem worth the risk.