There are good arguments for both “yes” and “no”. On the one hand, a temporary suspension can still wipe you completely out, so it would be good to be able to overturn it if it was really undeserved. On the other hand, if they’re already struggling to deal with the current ticket volume, adding more tickets from everyone who thinks their suspension was unjust – and that’s everyone, even people who know they broke the rules – would make things worse.
A lot of assumptions have been made 
The biggest of those assumptions is that the game needs to be “fixed” so that the moderation will work correctly.
A related assumption is that they’re moderating the servers for performance reasons only.
Both of these assumptions are false. There are problems with official server moderation, and those problems need to be fixed, but those problems are with the moderation process, not with the game itself.
Specifically, the biggest problem with the moderation is that they never explain to the players why they were suspended or banned. As a result, people come here to complain about how they were innocent and the game needs to be fixed, without having any clear knowledge – let alone evidence – about why they got suspended or banned.
Even worse, those same people will, after spamming the forums with multiple threads about moderation, eventually go back to official servers and find themselves in the same situation again, because Funcom gave them no useful information and they don’t know how to avoid getting suspended again.
So the answer to your question is: it doesn’t matter, because a warning wouldn’t help. If they don’t tell you why you were suspended in any useful detail, what makes you think they will give you any useful detail when warning you that you’re in violation of rules?
No, deleting a base is not enough. If you get your base deleted, you’ll still come here to complain about how it was unfair, because you still won’t know why they did it, because they don’t tell you.
As to whether it’s “fair”, ask 10 people what would be fair, and you’ll get 12 different answers. Arguing about what’s fair might work in a democracy, but offering servers for free and making their administration a fully functional democracy is a ridiculous idea.
By all means, the players who keep coming up with this question should do it. I’ve lost count of times I’ve seen someone bluster and post either explicit or implied threats of legal action and similar things.
Fact of the matter is Funcom has a legal department and they’re better at covering Funcom’s ass than the armchair lawyers here are at coming up with ways to “fight back”.
Funcom isn’t breaking any laws or rules or terms of service. They know it. Microsoft knows it. Sony knows it. No appeal to authority will help you, but I really wish you and everyone else who comes up with these ideas would actually try, because maybe that would help you approach this in more productive and constructive ways.