Yes, this would be excellent. Really necessary, and we see it discussed quite a bit here on the forums.
Also just wanted to mention that Insycle can help with this. Full disclosure, I work there as a product marketer. But Insycle can help you consolidate existing fields. Here is the help documentation that explains how it works. There are also some features that can help you to analyze your existing fields to find more to consolidate, if that would be helpful.
Best,
Ryan
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