Theres plenty of slow grinding left old man 1-90 is around 7% of the way to 115+10. The 1-90 lvls are tedious and should be skipped to get people onto the hard part of the lvling process. (With a lot less rpkers too)
It would make plain old its lvl 115 chars cheaper but chars that have titles and conqueror lvls and lots of 6s will retain their value. Sure you can make a new char it will only take you 31 badges to get victorious knight which is like the bare minimum in terms of decent titles. Or aprox 6 weeks if you win a lot. Sure you can make a new char it will only take 6 months of grind to get +10 and thats without 400% seal.