That makes sense; put differently it would be roughly karma^2/comments^1
And right now the settings are karma^1/comments^0
To generalize, one way or the other you have karma^x/comments^y which looks strikingly similar to points^x/time^y
Why not tinker with different variations until you get a couple of (probably non-integer) exponents that generate a leaderboard you think best represents the ideal character of the site, the same way you tinker with time gravity to alter the frontpage and comment pages?
I don't think it's a bad idea to have more than one table on the leaderboard. Having one "overall" table is nice, but having a bunch more stats would be fun.