We tried this system out, including a community lead comp council, and it didn't work for ****. Everyone eventually despised it, people stopped attending events, attendance from visitors from nearby cities basically disappeared, all while non-comped ITC/Frontline Gaming events were skyrocketing in popularity.

I can give a big thumbs up to the Frontline Gaming format, though. The missions have a ton of depth (even if I still don't care for the randomness aspect of the Malestorm missions and if some of the core rulebook missions are poorly worded), and the minimal restrictions seem to be just about right to keep the meta running smoothly. You can debate over some minor aspects, but as a whole the format works great.