The worst use of the <BLINK> tag ever was the discussion held in the early days of RSS about escaping HTML in titles, whose attention-grabbing title went something like this: "Hey, what happens when you put a <BLINK> tag in the title???!!!"
The content of that notorious discussion went on and off and on and off for weeks, giving all the netizens of the RSS syndication community blogosphere terrible headaches, with people's entire blogs disappearing and reappearing every second, until it finally reached a flashing point, when Dave Winer humbly conceded that it wasn't the user's fault for being an idiot, and maybe just maybe there was tiny teeny little design flaw in RSS, and it wasn't actually such a great idea to allow HTML tags in RSS titles.
2.0.1 was published in 2003 and I don't expect to see a 2.0.2 or 2.0.3.
The ambiguities you mention are real, though. “The url must be an http url” is one that feed validators would adhere to very strictly, for example, rejecting HTTPS URLs as invalid[1], which even caused Apple's Podcast submissions process to reject feeds with HTTPS URLs in them at one point (I was employed at the time by a company that hosted podcasts, and we had to work around it by rewriting URLs to use HTTP).
I received a reply from the spec's author to my email suggesting they update the spec to clarify this (“of course you can use HTTPS”) but the spec itself was never updated and I would consider it unmaintained at this point.
Atom and JSON Feed are good alternatives. Atom because it has fewer ambiguities and JSON Feed because it has an open GitHub repo[2] and was updated in 2020.
I recommend that people use Atom for new implementations for basically this reason. However to be honest it probably isn't a big enough problem to switch to Atom of RSS is working for you.
The content of that notorious discussion went on and off and on and off for weeks, giving all the netizens of the RSS syndication community blogosphere terrible headaches, with people's entire blogs disappearing and reappearing every second, until it finally reached a flashing point, when Dave Winer humbly conceded that it wasn't the user's fault for being an idiot, and maybe just maybe there was tiny teeny little design flaw in RSS, and it wasn't actually such a great idea to allow HTML tags in RSS titles.