I am not happy about this, but as long as advanced Android users can still turn this off and keep it off, we're still in a better place than iOS.

Even though I understand the design decisions here, I think we're going about this the wrong way. Sure, users can be pressured into allowing unverified apps and installing malware, and adding a 24-hour delay will probably reduce the number of victims, but ultimately, the real solution here is user education, not technological guardrails.

If I want to completely nuke my phone with malware, Google shouldn't stand in my way. Why not just force me to read some sort of "If someone is rushing you to do this, it is probably an attack" message before letting me adjust this setting?

Anyone who ignores that warning is probably going to still fall for the scam. If anything, scammers will just communicate the new process, and it risks sounding even more legitimate if they have to go through more Google-centric steps.