You already said why 20hrs was put into place, here's why 5 tag max was implemented. you can go all the way to a boss in one day, but you can't take a break and come back to destroy all the zones repeatedly.
To what do others think of the event, I wish I knew more going into it. the one I've done had 1 mob that needed to be fished up. (thank God my rod was in my satchel) Overall I dislike the drops in it; just a few really good items most of the rest are basically trash. It really reminds me of MMM. They make a really interesting system, bring back things players haven't done in forever + some things that are just new ideas for an event altogether; opening boxes based on the gold chest lock system where it always opens but you gotta guess correct or a Mimic will be there to greet you.
I digress and type badly; too late at night; it's a fun event I just wish I could do more often and wish it dropped more amazing toys. I'll enjoy it with a few friends twice a week and we'll probably be spamming researcher every other time to get the "Bonus to spoils" that probably unlocks the nicest drops before every boss until we find out where the good stuff that is unknown drops from.

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