There seems to be no analysis of whether these are neutralizing antibodies. The idea of using serology for immunity certificates or "golden tickets" is never going to go well. Even with 99.9% specificity, if the population prevalence is 1%, 10% of positives will be false positives. If in real world testing, specificity is 99% and population prevalence is 1%, then 50% of positives are false positives.
What if prevalence is 5% or 10%? Your alarming false positive rates vanish. No measure is ever going to work perfectly.
On a population basis it’s more helpful.