Quite
I had a very interesting discussion with the CAA over the costs of Part M over the costs of Permit aircraft maintenance.
They took exactly that line - "surely you'd be happier maintaining it it to CofA standard"
When I described the way that owners of aircraft recently moved to Permit had uncovered years of poor maintenance done by approved engineers and only discovered by LAA inspectors, they were gob-smacked.
But they still don't fully accept that Permit aircraft are safe......