This is fine. The probability with which a voter bullet votes vs votes three conveys the degree of preference for that candidates. This is not as informative as score voting on a wider range (because okay, degree of preference doesn't map perfectly linearly with probability of vote), but it's an perfectly adequate proxy.
By comparison, ranked choice, despite feeling like it gives you the ability to choose relative ranks, doesn't actually convey more information because it says nothing about your degree of preference! "Candidate A is perfect in every way > Candidate B agrees with me on all policy decisions but is my ex > Candidate C literally wants to murder me" looks exactly the same on a ranked choice ballot as "Candidate A is perfect in every way > Candidate B literally wants to murder me > Candidate C literally wants to murder me and also kicked my dog".
> It's much more intuitive and less cognitive load to rank options by preference than to decide on an arbitrary threshold of approval. You already know your ranking; you have to strategically decide on an approval cutoff.
Spoken like someone who doesn't have intransitive preferences!