In finding a balance for regulation, I thought of basketball.
What if there were no rules for basketball at all. There were no rules about how long the game would last, how you would know who won, how many points a basket earned, etc. No one would want to play. On the other extreme, if there were too many rules such you must pass the ball after two steps, shots may only be taken from one location on the floor, the ball must not touch the rim, etc., then no one would want to play that kind of game either. It takes the right balance of rules to make the game exciting to watch and fun to play. The rules give you a framework to work within.
Laws and regulations are important but they should be kept to the minimum that will get the job done.
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