AMEandPPL,
I see your point, but...
Safety is a risk-based thing, not absolute.
Higher risk would be (say) an undisclosed drug-controlled commercial pilot flying passengers, who occasionally forgets to pop the pills.
Lower risk would be (say) the NPPL wannabe, who just wants to do a few hours a year solo or with family, who happened to have the magic second seizure (that makes him/her diagnosed an eplilepsy sufferer for life) two decades ago without further recurrence or drugs prescribed...
I think the SRG have it about right, as long as the medical professionals do their job, according to the rules - what do you think about that range of cases?