Okay, I'll buy that. Good explanation. Too bad the FAA couldn't word it that well.
Now there, I still disagree, assuming you're saying it's OK for the PP to get paid. Starting from the beginning, a PP cannot be PIC if either the plane or the pilot is FCOH. Then we read (g), which says "A private pilot who meets the requirements of 61.69 may act as a pilot in command of an aircraft towing a glider or unpowered ultralight vehicle." It does NOT say "(g) A private pilot who meets the requirements of 61.69 may act as a pilot in command,
for compensation or hire, of an aircraft towing a glider or unpowered ultralight vehicle."
May act as pilot in command. Doesn't say that it's now OK to get paid.