https://moderncrypto.org/mail-archive/messaging/2014/000226....
https://moderncrypto.org/mail-archive/messaging/2014/000234....
Basically, users change their identity key in practice so often that a 3rd-party can't be the source of truth on whether a MITM has happened. Only the user can audit that and most users are not equipped to do so. So, towards the goal of universal e2e messaging its not clear that key transparency is a real win over the simplicity of trust-on-first-use.
In contrast, in CONIKS, a user had to check every single epoch. Which was impractical and meant you relied on third party auditors.
This doesn't deal with the restore from backup issue. I think given the FBI apple phone issue though, maybe it's worth reevaluating the risk vs. reword here. Especially if user visible warnings are opt in.
I've wonder if things like multi-device support or deriving a private key from a passphrase (mini-lock style) will eventually make user identity far less likely to change. Then it might be safer to complain louder when your in the situation that someone's identity has changed.
[0] https://github.com/yahoo/conam