I think it's blown way out of proportion. Yes, the rattle is alarming. It shouldn't be there, in a perfect world. But everyone knows there isn't a perfect motor vehicle. I can live with this noise just like I lived with a loud tick in my Monte Carlo SS, or the same noise from my 1999 F250 with the 5.4 motor, or the injector noise (constant and annoying) and excessive oil consumption from a 5.3 in a Tahoe, etc.
It's my opinion the end doesn't justify the means. The biggest question owners seem to ask about phaser rattle is if they should be without their rigs for several days while a random mechanic separates the body from the frame of your beloved $75,000 vehicle, reducing the engine to a short block state, all to attempt ("attempt") to quiet a 1.5 second rattle.
My answer is an emphatic NO. Other opinions may vary lol.