Yeah this seems like the best tradeoff. You avoid the central control infrastructure and you provide information to clients. It's also a great match with free computing devices, which can then utilize the new information, empowering users (eg parents -> parental control on device, or individuals who want to skip some kinds of content).
There are issues today with this approach such as lacking granular information for sites that have many kinds of context, but if you stop investing in the central control infra and invest in this instead that could be remedied.
I'm not sure how Twitter works, but for YouTube it's not like their recommendation system is a perfect user-friendly algorithm.
While it is your choice what to click, what you end up watching is a result of the interplay between you and what is recommended to you and if the recommendation system was different, both what you click and the resulting feed would be different as well
There are issues today with this approach such as lacking granular information for sites that have many kinds of context, but if you stop investing in the central control infra and invest in this instead that could be remedied.