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Nobody ever lost an election underestimating the intelligence of the average voter.
That said, "because we might lose" is not a good reason to not make the system better.
Establishment Democrats aren't refusing to make the system better because Democrats in general might lose; they're refusing because each of them individually is worried he might lose to a more progressive or leftist challenger. It's blatant power-hungry selfishness.
I agree in principle with what you're saying, but there is an "establishment" that also has a vested interest in the politicians they own remaining in power. That establishment sees itself as the Democratic Party, so they would disagree with you.
Either way, the point stands. If you are afraid of letting voters vote because you won't like the results, then you're not really promoting democracy at all.
Establishment Dems cutting their face to spite their nose. Everyone knows ranked choice means more Dem support than Repub, but also opens up 3rd party influence.
This shit is why the rest of the developed world says the US has two right wing parties.