If anything, in between “f2p” and “time-unlimited trial” would probably the best way to describe aplha clone status. Fact of the matter stays that it was designed as a mode to experience the full game for an extended amount of time, not some demo-level or time-locked trial.
As for balance, you might disagree but the reality is simply otherwise. Gallente is by far the most popular alpha faction and Amarr the least popular. Something has to be done, as this is simply not good for the game.