I think that by adding options like being able to change how long it takes for the wheel to show up or allowing players to select an individual ping, command, or build to bind to a key (even if those binds had delay for activation) would greatly improve the general experience and usability in high pressure scenarios.
So far in my ~6 hours of gameplay with the new update I have noticed that because of all the options in the menu using the menu takes far too long to be practical when you are active anywhere that isn't completely separate from the action where you can give it the focus it requires. I believe that this could be greatly improved by providing more detailed control over the pings like by allowing a player to bind any one of the options in the menu to a selected keybind.