Too flexible for what?
Too flexible to be competitive in a vintage road race, probably.
Too flexible for a street bike to get from point A to point B at the posted speed limit, um, no.
I cut mine out when I chopped the bike five years ago. The performance did not suffer at all, it still takes me 20 minutes to get to work.
However, last year it did start to crack right above the pivot plate. I welded a splint over it and will keep an eye on it.