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I dunno. If what I understand as the originally proposed rewording had been added and it had been taken off the plinth I think it would have been a powerful statement and felt less revisionist.
In the US context my understanding is quite a few of the statues were recent and erected during periods of African American advancement.
“As a high official of the Royal African Company from 1680 to 1692, Edward Colston played an active role in the enslavement of over 84,000 Africans (including 12,000 children) of whom over 19,000 died en route to the Caribbean and America. Colston also invested in the Spanish slave trade and in slave-produced sugar. As Tory MP for Bristol (1710-1713), he defended the city’s ‘right’ to trade in enslaved Africans. Bristolians who did not subscribe to his religious and political beliefs were not allowed to benefit from his charities
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hugo7
Sumo
The thing is you don't need a statue to learn about a historical figure. There's no need to keep it for any reason. Statues are about reverence and respect.