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The fact that you can get around seemingly every FDA reg by just putting "this product not endorsed by the FDA" in tiny text in a corner of the packaging makes me wonder why we even have the FDA. If the laws were serious they'd make it so that you can not sell anything for human consumption that isn't approved.
I grew up with some of this stuff. We went through a raw milk phase, putting "This product not for human consumption" in big letters on the label it's not the obstacle you think it is, if anything it's more enticing to a certain type of person.
The kind of person who overdoses on bovine/equus de-wormer?
That is not true. You can make vague claims and have a disclaimer, think "promotes gut health" but you can't claim you cure cancer. The FDA will come after you.
That is incorrect, if you read up on the history of "patent drugs" (cure-alls) and the creation of the FDA you'll understand that there's an extremely fine line faux "medication" has to follow or risk being pulled from the market. For example you have to list the ingredients and you can't make claims that your product will cure illness, you can however make vauge claims of health improvements.
The world of quack medicine has vastly improved since the FDA's creation as most patent drugs of the time were some mix of opium, cocaine, and alcohol being sold as other made up miracle substances.
So now the government is going to decide what I am allowed to put in my own body? Very well, when the GOP bans vaccines, birth control pills, abortion pills, transitioning medication, and restarts the war on cannabis don't come crying to me. Because they are doing exactly the policy you advocated for.