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I like the squad leader having the same leadership as the squad members. I think in most editions it results in leadership being too high.
Boosting the leadership is something a 'special' squad leader or character should do.

I do like the idea of the death of the default squad leader having a negative effect on the squad. It could be as simple as forcing a morale test and/or giving the remaining squad a -1LD penalty for the remainder of the game.