What you're seeing with the annuitizing of the lump sum with a gender-based differential is what happens when you take a benefit from a defined benefit pension to a defined contribution pension. Once they make it a defined contribution pension by taking the amount of the lump sum and annuitizing it, or whatever formula they are about to use, they are in effect not providing what they said they were going to reinstate. They are creating yet a different benefit.
Where that fits in the overall suite of benefits within the new pension for life is hard to say, because VAC has not provided concrete numbers to date. Be aware they have created a massive angst within the veterans community. All veterans are incensed about this, because our lady veterans who stood shoulder to shoulder with us and assumed exactly the same risks should never under any circumstances be treated differently based on gender.