As a platform that basically started as a way to watch Youtube without tracking and ads, I think Grayjay should be sceptical of any third party code signing validation requirements. The copyright lobby has gone after software and its distributors before, even if it doesn't inherently pirate any content without user configuration.
I don't know why this app would need Apple's signature in the first place, seeing as it's not distributed through the app store. Is this like how you need to pay for a certificate to make the "are you sure you want to run this" prompt look less scary?