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EB-2 to EB-3 India Downgrade: Process, Steps, Cost, Pros and Cons

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As per the October 2020 visa bulletin, the cutoff dates for EB-3 India advancing and becoming more favorable than the EB-2 India cutoff dates and creating EB-3 India downgrade opportunities for some.  Who will this benefit? EB-2 India applicants with a priority date between May 15, 2011, and January 1, 2015, would be able to downgrade to EB-3 and file I-485. Likewise, applicants who act faster, are better organized, who do not have a pending I-485 application, reside in an area where I-485 interviews are scheduled faster, and who have more advanced priority dates may expect faster I-485 approval under EB-3. This window has been extended till 30 November 2020 (as per the Nov visa bulletin) . Not sure if it will be open in November as well.  Why should someone consider downgrading from EB-2 to EB-3? Since the long-term wait time for EB-3 India Green Card is typically longer than that for EB-2,  it may ultimately take longer to get the green card approved unless there is a subsequent