I can understand the reason for "setting a fixed date" like in OTS for the cut-off. But, having said that, I believe the rolling 25 years original rule would be better. I know, personally, that I will not consider the period the model came from because I will still build the ones I like. I have always thought that Classic, like OTS is supposed to be more of a FUN event. An event where "old" planes are built and flown to relive that time frame, not to win a trophy (although that IS nice! LOL!!) And each of us have a period, and "style", of plane that we like from yester year. I have always taken "Classic" seriously, but serious in the fact that I want to reproduce an airplane from a time gone by that has caught my attention and then go fly it with a bunch of other like minded pilots.
IMHO, another event is not the answer unless it flown combined with the current Classic event and the breakdown comes on the scoreboard. Plus you could only fly one or the other during that meet. To hold it as a completely separate event will take more resources which are not always available.
Either way the whole thing goes, I will be satisfied. Since, like I said, I will build the planes I want to build either way. If it is not Classic legal I will just fly it in PAMPA class. At my level, a Genesis 46, or other '70s plane, will be plenty competitive.