Removing features to force conversion is a shady practice and I want no part in a company that finds this acceptable. If they find this acceptable, there is nothing preventing them from doing this again when I am not premium enough. I would rather shit in a pot that won't disable my ability to clean up after I have started.
I think it actually is fine within a product category like password managers where data is highly portable and switching costs are low. Platforms with lock-in doing this however...