Interestingly, that's basically the same decision the English House of Lords (now Supreme Court) came to in 1966. While they tend to respect precedent, they aren't bound to it (though only in that Court):

> too rigid adherence to precedent may lead to injustice in a particular case and also unduly restrict the proper development of the law. [The Lords] propose therefore, to modify their present practice and, while treating former decisions of this house as normally binding, to depart from a previous decision when it appears right to do so.

https://en.wikipedia.org/wiki/Practice_Statement