Yeah, the amount of steem you get is going to be roughly the same per SBD (depending on supply fluctuations), so it makes sense even from that. So I'd rather buy the steem directly. If the market price of SBD was wildly off the haircut price though, I may revisit. But even so that 3.5 day period is killer.

I also converted when we weren't in haircut range. Much easier to reason about.