I expect there are other areas where this rule permits careers altruistically-minded people should avoid (even if the benefits seem to dramatically outweigh the costs) or rejects ones that are very important. Suggesting examples of either would be helpful!
Of the first sort: “The law is wrong and adherence to a stricter standard would be more right.”
For example, eating farmed meat is legal, and in any conceivable legal system run by 2020s humans it would be legal. But I want an ethical system that can make sense of the fact that I want to eat vegetarian (and don’t want to coerce others not to). Letting “what would enlightened legislators do?” be the whole of the moral sensemaking framework doesn’t really give me a way to do this.
In the ranch case, I’m imagining that the protagonist believes that (a) and (b) do outweigh (c) to the net-positive.
But (c) is still significant, P says, so they conclude that “the benefits seem much larger than the harms, but the harms are still significant”. Furthermore, is (c) “the kind of thing you ought to be able to ‘cancel out’ through donation [and/or harm-reducing influence]”, or is it more like murder?
Is it sufficient that (a) and (b) outweigh (c), or is (c) the sort of thing we should avoid anyway?
In this situation, I feel like I’d be in exactly the target audience that a rule like you’re proposing would be trying to serve, but deferring to legality doesn’t work because society-that-makes-laws is way less strict than I want my decision-making to be about whether it considers (c) a notable harm at all!