>Is anyone doing this? Does it make sense?

First, for below the line there is IEALIMIT, defaulting to 64K, as a cushion.

Second, it can still make sense, and at one shop (pre-z/OS), we did it.

Third, with the restructuring of the way initiators work, where draining an 
init actually terminates the offending address space underpinning that init, 
rather than a random one, we found most of the reasons for the exit disappeared.

-
Too busy driving to stop for gas!

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