Going to court just wasn't an option. For one thing, we couldn't even identify the people behind these sites without first going to court against namecheap. And after all that effort and expense, it's entirely possible they'd registered the domain with fake info and the effort would have been wasted. Even the UDRP option was not cost effective, because nothing would stop the scammers from opening a new fake domain. What we eventually did that worked was found a "CSIRT" company that would use its private connections to hosting providers to, for a fee, get offending content taken down. So, that's the kind of thing the status quo is incentivizing. Hardly better than if there was a takedown process available through namecheap it seems.
That said, you'd certainly want to avoid the situation with Youtube, where the power is swung all the way in the other direction, so creators have almost no recourse when purported rights holders issue a claim.