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"May" gives you an option."Must" does not and the ability must be carried out if possible.
Wouldn't that still be an errata? Or is Justin's definition wrong? This all stemmed from trying to make Jacob's Ladder useful....
or am I missing something totally obvious?
Yes. Special abilities overrule game rules all the time. Which is why it is possible to restrict your opponent from drawing cards on his draw phase, or it is possible to end your turn with more than 8 cards in your hand (with Tables of the Law). Thus, it is possible for you to allow your opponent to have initiative even when the numbers wouldn't allow you to, because the SA says you can.
Does Jacob's Ladder grant access, then?
Lacking Sleep says "player must allow the opponent to play the first enhancement in battle"Jacob's Ladder says "holder must have access".Why does Lacking Sleep allow me to give away init but Jacob's Ladder doesn't give access? Both are telling me I must do something that otherwise isn't possible, without specifically saying I have the power to do them in the SA.