I think it's fine. Obviously the LP was way too much before. Being a hunter now will be a lot more challenging due to danger and the time it takes to find quarry rather than seeing how many cupboards you can fill with deer and bear meat.
There are plenty of ways to get LP and hunting is one of the more "grindy" ones because you just do it nonstop. The old LP rate doesn't make it any less of a grind because nobody stops at a certain LP point, they're always trying to be better than the other guy. If the other guy is out grinding animals then you have to keep doing it too. Reducing LP from animals and the number you can find gives you a choice to do other things for LP instead because the other guy isn't getting an obscene amount of LP anymore.