Exeter City's manager sets out the case to changes to the FA Cup: https://fanbanter.co.uk/exeter-manager-gary-caldwell-explains-hes-saddened-by-changes-made-to-the-fa-cup/
As a supporter of a League One club myself, I did not see why replays had to be scrapped in the first or second rounds as leading clubs are not involved then.
However, Í am suspicious of the argument that a FA Cup run or even a replay can 'save' a lower league or non-league club. It may benefit particular clubs at particular times, but it's a lottery. It is not a systematic source of revenue.
The Cup remains the FA's biggest single source of revenue. However, there is always the risk of the bigger clubs pulling out and further devaluing the competition. I am finding the new Champions League format (and Europa League and Conference), if a bit baffling, also more exciting.
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