Hoi,
Your approach is technically valid. It is equally obvious in part the wrong approach. Where you say we have to consider if Wikidata is the best store for all kinds of data, you may indicate the inadequacies of Wikidata in relation to particular kinds of data we already store, want to use. The fact is that this is what Wikidata is being used for. In addition there is more data that people want to include in Wikidata that will provide a real service, a service that blends in really well with our mission.
For me it does not really matter how and where what is stored. In this thread it is relevant to pursue an answer to the question how will we scale, how will we serve the needs that are now served with Wikidata and the needs that are not yet served by Wikidata. Wikidata is the project and as long as data comes together to be manipulated or queried in a consistent manner it may be Wikibase or whatever.
The issue is how do we scale, not why we are to accept too little resources by restricting the functionality of Wikidata.
Thanks,
GerardM