What is this – ever moving goal-posts?
Umm, no, you offered up one argument and a “rebuttal.” I don’t really think the issue is with PCA as much as it is with the basic assumptions behind it.
Back-fitting. There nothing wrong with that, but there can be a discussion on appropriate levels.
Well, if it did turn out to be done at an inappropriate level, wouldn’t one possible result be “a decline”?