I don't think it's valid to say the practice is alright if you happen to like the change, but the practice is immoral revisionism if you view the particulary change unfavorably.
I don't like the practice at all, and object to it on principal rather than on individual merit of case-by-caseness. I don't give Tolkien a pass ... and considering his rather clever solution of making the original version a "lie" told by Bilbo, it was completely unnecessary to change The Hobbit at all.
Still, the Tolkien precedent ... (and there are surely others) seems to give George a little bit of artistic cover for his revisionism.
Grrrrr.