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I disagree, as I hardly think the people who are getting the UAIs needed for entry to these courses are going to perform better at uni, or in the workforce
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Why? That's like saying that intelligence and diligence have no bearing whatsoever on UAI results or that it intelligence and diligence have no bearing on whether you make a good lawyer. Choose your error.
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As an egalitarian society, we like to promote that anyone can become a chief justice etc, but that's just not true.
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I actually do think anyone could become Chief Justice, just not necessarily through traditional means. Two High Court judges in recent memory made it there without even having an undergrad law degree because their merit was recognised by people who could appreciate it.