No.

As far as the pitfalls, they are numerous. Right now guys can use their seniority to bid pay or quality of life. Take pay out of the equation and there are dramatic impacts to where people bid, affecting every aspect of our job. Look at certain European carriers (non-rostered) for the results.

Would you like to be flying 767ER FO for DC-9 copilot wages? That's the result of a stove-piping the list for a straight pay matrix.