Yea a ranking system would be great, and I agree that anything done to that class can negatively effect PvE. I'm on the side that there is no reasonable way to patch it, aside from removing orb generation completely , but even then that's a major game changer for even casual players. Another would be taking off armor attributes in PvP but again, huge impact.
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Ranked PvP has its drawbacks too, especially toward the top of the ladder, and it creates some class balance issues that might otherwise be non-issues. If you've played competitive arena PvP in World of Warcraft for any length of time, you'll know exactly what I'm talking about.