This had very little to do with reckless behaviour of early users. I think it's generally well known at this point - that the "war-on-drugs" had primarily political purposes, especially suppressing the counter-culture.
More generally it's a war of ideas; the idea that there was a reality or conception of the world outside of say contemporary Christianity and material consumer society - were highly threatening at the time (to the nation's well-being if you will); and they remain so today (and this has much less to do with LSD and psychedelics and much more with preserving a power-structure).
And I don't think a few studies of scientific merit would have helped. Just look at how it went down with http://en.wikipedia.org/wiki/David_Nutt.