It looks like the story deliberately sensationalises the actual nature of the tool. It is a checklist of extreme attributes that lead to ill-health in dogs. If it was adopted, it would just be an aid for 'breeding down' certain characteristics within each breed that suffered from them.
I imagine that for border collies and certain other broadly healthy breeds, this would be an easy task, moving away from some relatively minor breed-specific problems. For certain other, desperately unhealthy breeds, the task would be harder, and the result would be dogs that begain to look significantly different. But in no case would it be a 'banning' of the breed.
Perhaps the tool is 'blunt' , as some dog people say, and therefore needs refinement. But even to the extent that this is true, it seems like a very valuable step in the right direction.