> The major reason to lower these orbits is likely the risk of a terrorist state turning these constellations into a weapon, by willingly causing the Kessler syndrome.

Hard to see how the repositioning appreciably alters this risk, since there are still thousands of satellites in the original plane to get hit by shrapnel from intentionally caused collisions, and the satellites in the lower orbit aren't invulnerable to it either

Suspect there's a rather more practical calculation that the extra thruster firings needed to main position in a lower orbit with more atmospheric drag are offset by the smaller number of conjunction avoidance manoeuvres they need to undertake in less congested space (the cost of lowering the orbit is simply deducted from their original delta-v budget for end of life deorbiting). In simple terms they get lower accidental collision risk without operations in the lower orbit shortening satellite lifetime.

> Hard to see how the repositioning appreciably alters this risk, since there are still thousands of satellites in the same plane to get hit by shrapnel from intentionally caused collisions, and the satellites in the lower orbit aren't invulnerable to it either

Yes, but the lower the orbit, the faster atmospheric drag (which isn't zero, just low) cleans up a cascade.