That does make a lot of sense, at least in terms of latency: I imagine that when a one-hop announce comes back from outer space, the faster multi-hop path across town will have already been established.
For bandwidth, however, I don't see it yet. If all relevant nodes are idle at the time an announce comes in (so the 2% limit doesn't come into effect), a low-bandwith route might be established before one with a much higher bandwidth, no? (Prioritising latency over bandwidth can be the right thing to do, of course, depending on what the network is used for. But it might not.)
For bandwidth, however, I don't see it yet. If all relevant nodes are idle at the time an announce comes in (so the 2% limit doesn't come into effect), a low-bandwith route might be established before one with a much higher bandwidth, no? (Prioritising latency over bandwidth can be the right thing to do, of course, depending on what the network is used for. But it might not.)