My thoughts as a reader, not an author.
Freebies were a bigger deal earlier on when there were a lot fewer of them. Also the author they'll benefit most at this point are the ones re-publishing their backlist and have a bunch of other books for people to buy.
Also if you do want your book to be free on Amazon this can be accomplished without KDP Select. Make it free elsewhere and Amazon will often price match the $0.00 price on their site (either through their pricing bot or through people reporting the lower price).
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