It's directionally correct.
The role of a wallet is to nudge people inch by inch in the right direction rather than to alienate everyone who isn't prepared to go all in with a full node and steel plate.
Discussion
Such a high deposit requirement does alienate people
It alienates more than a custodial wallet, and less than being told to run a full node and sign with airgapped entropy.
And yes, lighting has issues. What's your solution?
It's so little compared to the time, effort, and hardware required to setup your own node. Totally worth the price.
Probably worth the price, but makes me paranoid
I've been using the alpha for close to a month, it seems to be working well so far. Another option is Mutiny wallet, it seems to work well too. It has about the same setup fee.
I have channels of ~1M sats on both. No lost sats, even though both are technically beta software. That being said, I try to not keep an amount I would want to lose on lightning, so take that fwiw.