This is really interesting and makes a lot of sense, especially considering the current stalemate of the DAO having approved more tokens than the budget it itself approved, which doesn’t make any sense.
A detail that is also impactful is that the projects were asked to make a proposal with great details on how they would spend the budget they were requesting, and if the amount received was a fraction of what they were requesting, this would force the projects to make an adjustment to the initially proposed campaign.
Therefore, I believe a draft should be required for the campaign, and not necessarily with a huge detailing.
However, I also share the view that it is much better to distribute grants in the hands of as many projects as possible and since the budget is finite, this pro rata division is what seems to make the most sense.
By the way, excellent example you used, however I believe we should still leave some room for projects for Round 2.