seriously. you wrote:

create competition, remove protection,

revs are currently highly competitive because it is very good money per hour and it is hard to get empty world where PVMers are not targeted by PVPers. You have to compete with other players to be able to kill revs.

and reduce gold farming/RWT

so just reduce money per hour of revs? It could be made much simpler. However it will not reduce gold/farming RWT because people who do it will just move to 2nd best method. You don't fix problem you just move it to ToB/CoX.

If it is not viable to make money from revs for RWT (bots, people who do it 24/7) Why would this content be rewarding for normal player.

Who will run around wilderness looking for revenants? It just remove entire purpose of revs existing.