With the IMCR, I hear you don't have to fly an instrument approach for two years. Then you can legally take off, hack through cloud, and fly an approach to a 300ft cloud base.
Sounds like a death rating to me.
Well if you're dumb enough to actually do that then I suppose it is. As with all 'legally defined' aspects of flying you have to exercise your wisdom. I'm a new PPL, my legal limit for vis is 5k. There's no way I'd even drive to the airfield if it was only 5k, likewise unless you want to appear in the Darwin awards you wouldn't shoot an ILS to 300 ft if you hadn't done one for two years, legal or not.