When you wrote this sentence, were you referring to Cofnas?
"But people jumping from nucleotide polymorphisms to grand social policy (that just happens to echo a century's worth of rightly-discredited eugenics advocacy) deserve the scepticism they get in my view."
If so, what is the 'grand social policy' that Cofnas advocates or has advocated?
As far as I can tell from the paper, the only thign that seems like a policy proposal is that educational programs should be tailored to different ability profiles (and what he said about Head Start). But him saying that maybe we should fund different educational interventions isn't eugenics, or abouyt treating individuals differently depending on their race/ancestry. The paper argues against using group differences to blame or rank anyone. (See section 5.2 as it's the main point there.)
The overlapping-distributions point makes sense: even if group differences turned out to be partly genetic, group mean/median IQ or whatever isn't a good proxy for individuals from that group. So if you have a policy that is based on group membership (not individual assessment), it's going to be poorly targeted and end up wasting resources.
Section 4 endorses 'tailored' programs and doesn't explain how they'll be targeted. He doesn't say they'd be targeted by group membership, though. He references Jensen 1969 (https://gwern.net/doc/iq/1969-jensen.pdf) and in that paper Jensen advocated individual testing, not assignment based on race/ancestry. From page 78:
The important distinction between the individual and the population must always be kept clearly in mind in any discussion of racial differences in mental abilities or any other behavioral characteristics. Whenever we select a person for some special educational purpose, whether for special instruction in a grade-school class for children with learning problems, or for a "gifted" class with an advanced curriculum, or for college attendance, or for admission to graduate training or a professional school, we are selecting an individual, and we are selecting him and dealing with him as an individual for reasons of his individuality.