Good for academic study perhaps, but not good for the religion. The
King James Version is actually an excellent translation of the sources it was created from, with only a few (relatively unimportant) translation 'errors'.
But more importantly,
and,
and,
Dismissing the KJV as simply a flawed translation of 'original' Christian writings does it a great disservice. If we managed to unearth all the earliest Christian writings we would find a hodgepodge of incomplete and incompatible texts that don't represent Christianity as we know it. It took many years for the Church to whittle away at this mess until they had molded it into a Bible with some kind of coherence, but the KJV is the seminal result. For the English-speaking world it practically
is the original text of their religion.