You are saying that there are two issues here:
1. A power inequality that would be created if the regular people's secrets are known but powerful people's secrets were not.
2. A lack of privacy would allow people's private actions to be judged and punished by society if they fail to conform.
You are then arguing that giving everyone access to the data/surveillance would solve the first problem but not the second.
If I am correct in my understanding, then I think that's a very reasonable argument. Although I'm concerned that even problem #2 alone could create a dystopia.
[1] I know intention can be difficult to read in text so I want to make clear: I truly mean this as confirming that I am following your argument, not as an indirect way to say that I think you are wrong.