I am not asking this to be transphobic or anything but I had this debate with myself at 2 o’clock in the morning and every time I remember it I can’t focus.
On one hand, it is what they want. Let’s assume it causes no harm to them or any unforeseen circumstances.
On another hand, it would erase their identity as trans people. At the extreme you could consider it a genocide, since turning them into what they want would mean there is no more trans people and their unique identity is erased.
It’s sort of like magically turning everybody into a middle class white guy. Would it be good for each individual? Probably. But it’s probably worth thinking about why it’d be so good, and what that says about our real, non-magical world.