Lyxen
Great Old One
I recommend ignoring the RAW on this. While not getting to use a Hellish Rebuke when you otherwise could is a pretty low stakes reaction spell situation, not getting to use a Feather Fall or Absorb Elements when needed, because of a rules technicality that does not seem to really be part of design intent, seems like a pretty harsh adherence to rules that usually won't make your game more fun or serve any particular purpose.
I understand your point of view, it's just that, in general, being close to the RAW makes the game simpler, you don't have to maintain (as we did during 3e) pages of house rules.
Moreover, it still forces the character to make choices about his reaction, which I think is good too. And to top it off, this is a case that really should be very rare indeed, using a defensive reaction spell on your turn.
But, as many contributors mention, it's not really a problem of balance and it's easy to allow.
And even if you hate the ability of a character to counterspell a counterspell of their spell, embracing a rule that allows it for an action spell but not a bonus action spell does not solve the "problem", it just makes it needlessly confusing.
I honestly don't find it confusing, the rule is pretty clear, it's mostly people wanting to argue without reading all the rules, and a simple google search gives you lots of correct answers instantly.
Allowing Ready (Spell) + BA spell probably has a ton, but that can easily be left out.
It's not exactly the same thing anyway, the "Ready (Spell)" is actually a full casting of the spell during your turn, just holding the charge after that. Unless you had another specific case in mind ?