No Lute its not, but I don't believe that good squadrons like that are all that common either.
Personally I don't ever fly TT, for all the reasons listed, including the cess pool.
I think the answer is to cap the mains at 250, and if it reaches that, lock that arena and open another one with a different map.
So on a busy knight you could have 3,4, or perhaps 5 Late wars.