As I slowly rebuild my 27 and having added a shower sump to handle ice box and galley sink drainage I think I still disagree. Below the waterline should still be preferred.
For most installations where you have a discharge near the waterline a seacock is still advisable. Consider back-flow on a hard heel. Consider it a hole in the hull that could be below the waterline in a sinking event.
You have a pump anyway with the sump right? You have a hole in the boat right? Vented loop?
All systems in front of the hole in the boat don't care. The hole in the boat should have a means of closing it.
You might as well save the cosmetic maintenance issue. I for one don't want a hair-ball hanging out of a hole in the boat where others could see it, marina queen or not. I think Catalina made the right choice.