It's not a terrible idea but I think the main problem will be that for lots of late mid game to end game players it would devalue regular four-star crystals almost completely. It is so easy to grind four-star shards now people would have enough chances to open crystals to get like every other new champ that is released as a four star consistently if the featured rate is the same as the 5 star was of about 20-25% for 50% more shards. It completely removes the value of newer champions in revenue standpoint as well, they would lose a lot of FGMC sales and the featured 4* arena would for most now only be done for milestones.
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