Just read through the comments and the consensus is so very clear, the FA is a lot of effort and the rewards are crap.
The FA would be a lot better if there was say 3 kp rewards attached to every waypoint. You'd get super working together to make sure people on put one badge to make sure the most people could get the 3kp.
The second page should be 5 kp per waypoint and the last page 10 kp per waypoint.
Now you've got an event worth going for and you have a lot more cooperative playing to maximize what the team collects. Probably also some infighting when some teammate dumps 10 badges on one way point, but there would be the challenge of real cooperative teamwork...
You could even mix it up, one path 3 kp another 30 minute instants and the 3rd path a mixed range of spells, second page 5kp, 1 hour time instants and 2 spells per waypoint and the last page a 10 kp path, 2 hour time instants, and 4 spells per waypoint.