There is a big difference between commercial sites and here - your proposal relies on the author actually fixing it - experience shows that this is rarely the case for free modifications released here (take vbplaza, that's still not fixed, months after the holes were found and notified to the author).
We have to have a policy that suits the majority of cases here, and the one we currently have serves that purpose - and while it may not have been ideal for your case, your's is, I'm afraid, an exception, not the rule - the last few have either not been fixed, taken a while to get fixed, or in a couple of cases a staff member has eventually fixed them.
However, we will review what we do to see if it can be tweaked to suit cases where the author is known to be still active.
Of course, it won't make any difference to you since you decided to take all your mods away anyway.
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