550 Points to strike with lightning!
Just curious, why 550 and not 500 or something.
This is an interesting idea, but the only problem I see is that it may take away the feeling of the "Hunger Games" from the server. I personally feel that the excitement comes from not knowing where anyone is and having no idea what you may end up finding. This is the same reason why we turned down the idea of a compass that would guide you to the closest player.
Not saying this is a bad idea, it could solve many problems such as afk players hiding on the edge of a map. And since the bounty cost would most likely be high, you wouldn't see a lot of abuse. And as previously stated, you need to make sure that this does not do damage since specs should not be able to kill a player or even damage them. (Dumb arrow blocking) Certainly an interesting idea, not sure I like it or not.