"The typeface was developed with banality in mind..."

That's completely wrong. Times New Roman was designed for legibility at small sizes, in narrow columns, on absorbent newsprint, printed at high speed. That is, it was designed explicitly for a very specific purpose, which it fills admirably.

None of that should be taken as any kind of comment on the current brouhaha.

I hate for us to have to make it clear that any claim in favor of the typeface’s suitability should not be interpreted as direct support for those responsible for re-instituting it. This isn’t an admonishment, but a lament I hope you may share.

While TNR wasn’t designed to evoke banality in its less desirable connotations I do think the way that you’re describing it match sensibilities that the word “banal” can also carry; Ordinary, commonplace. I admit—it’s a stretch I’m taking. But how far from banal is the utilitarian?