They are buying their way into the league. I would have a wee bit more time for the idea it they started at the bottom of the WoS, otherwise what is the point of a Pyramid.
Hibs Colts were members of the EoS not so long ago, I wouldn't mind if they, Hearts, Livingston, Falkirk etc wanted to do so again, but you need to respect the Pyramid and join at the bottom level the same as any other new applicant.
Then again, no Colt teams at all would be better.