This is the time as good as any to lock that peg permanently. Once the prices goes up we won't be able to convince anybody to do that.....
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What mechanism do you propose to keep the price from rising? You could just keep increasing the SBD print rate or do an automatic airdrop to flood the market. Are there other choices?
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I think that multiple solution have been proposed for this. Although it remains to be seen on which the consensus would weigh the most (if it happens)...
One possible scenario is the reverse burn. Which means that the SBD tokens should be allowed to be burned and for that new Steem could be issued (just the reverse of the SBD to Steem conversion mechanism....