I'd say its the opposite. Previously having all epic past lives gave 12 fate points, ie enough to go from 4-1-1-1 to 4-3-1-1-1, roughly a free tier 3 twist. The new system grants 16 fate points (~5 destiny points) which can give an entire tier of enhancements. IE, if you have T5+T2 then epic past lives give you 5 points to spend in the entire T3 row, rather than just one tier 3 ability to twist.