Considering this is the only change made before the Original Trilogy was even completed, it seems a lot less revisionist than others. It’s also just a subtitle change. Not a huge deal. It does make it easier to differentiate which Star Wars film in particular you are talking about. Though I usually just call it “the original.”
Of course, the first version of the movie I saw had it. Not that I ever paid much attention to it. The VHS box art and label just said Star Wars and I don’t remember calling it A New Hope.