Yeah, 100% spot on. The typical YouTube content creator is not going to miss their monthly $12.95 Google check for 200,000 views (warning: made up numbers).
The point this really drives home is video ads are asymmetric. Youtube's harvest of 'viewer attention' is huge (to the order of billions of dollars a year in value). Only some of this benefits advertisers. Of which, Youtube earns a smaller fraction. And its content creators earn the smallest fraction of all.
The perverse outcome is this may end up making distasteful content more palatable. Only because it won't have ads running all over it. So viewers of an extremist spouting off of how the 'other' is sin, and associating with them is wrong, get an ad-free experience that makes them more receptive to such content.
To balance this effect, YouTube needs to run politically neutral 'public service announcement' ads on hot-topic content at the same frequency as ads on its other normal content. Why should only cute kitten and baby videos suffer?