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You argue that voting third party only serves to undermine the party most similar to it, effectively helping the opposition. But this perspective assumes the current system is the only possible framework.
The very act of voting third party is a challenge to this idea, a refusal to accept that our choices must be limited to two parties that both uphold the same capitalist structure.
While ranked-choice voting would definitely take care of some of the issues you mention, the push for third parties is not just about winning elections under the current system—it's about forcing a broader discussion, about demanding that the system itself be questioned and eventually changed.
If we never challenge the status quo, we’ll remain forever trapped in a cycle that benefits the few at the expense of the many.
It's not a perspective its a mathematical reality that literally cannot be fixed by voting third party.
Lets say that the state is 50 50 and you pull 3/4 from A whom you are alike and 1/4 from B. To win the plurality you need to pull about 41% to tip over the point where your score is above B because most of your folks are coming from A. You will have to convince millions of people who have never voted for your party to do so in just this one state. Then you have to basically do it in every state that normally falls for your alike side AND then better than half of swing states.
Run the math in the states that normally fall for the opposite side and its worse. You will need to at that point subvert your entire side AND a substantial part of the opposition.
Get 90% of the needed states and all you did is throw the entire race to the opposing side. You could run the same plays for hundreds of years and never win. There is space for another big party only when it can totally subvert one of the existing players. Even after 20 years of failing to win the popular vote and the humiliation of Trumpism its not even clear that the GOP is headed for the dust bin. Odds are that any challenger at best spends the next several cycles splitting the vote with Trumpistan cementing their position as loser.
In reality ranked choice or other such system at the state level IS your singular and only opportunity for third parties. It's the only bullet in your gun you have literally nothing else
I'm still voting third party.