Panic?
Nah.
However, to me. It does raise some interesting questions about the more supernatural aspects (miracles, exorcisms, etc.) he stated as what ultimately convinced him, given his obvious intellectual prowess and prior functionally naturalistic tendencies.
Outside of the crazier elements of Charismatic circles (very unappealing), Protestant Evangelicalism, including even the sane Charismatic circles, has conditioned itself to have little to say about those sorts of things (at least without first offering some weird, long-winded disclaimers or embarrassment before bringing it up), and even shy away from those sorts of things (also very unappealing).
Schmid isn’t just some “based Trad bro” looking for smells and bells and a cooler aesthetic rooted in ancient history, which is the stated reason for the flock of young men to Rome or the EO, which has been quite overstated anyway (it’s an Internet thing mostly).
Rather, he is altogether something different. So, his stated reasons in light of the bare minimum supernaturalism of God, sin, salvation, and heaven and otherwise a functionally naturalistic approach of Evangelical Protestantism as the alternative, aside from crazy Charismaticism, should be cause for some internal reflection on our part as how we approach these issues.