You better do the math again. You are really short changing yourself.
The stock and warrants will basically move in lock step (to use a familiar term) once the stock price exceeds $4.00. The warrants will gain $1.00 for every $1.00 increase in the common.
The difference is that's for the same initial investment at today's prices you will have 3 times more warrants than common stock. If you ultimately sell the warrants (at any price) and buy the common, you are reducing your potential gain by 2/3rds.