Point 1: It would be dumb to give KO the title, particularly in the manner they did, and then have him lose the title in his first PPV defense. Not that WWE wouldn't do that, but it just seems like, with the better booking they've displayed recently, they won't.
Point 2: I actually have no problem with HHH "always" helping KO keep the title so long as it leads to something down the road. My only concern for Owens character-wise is that WWE has had in the past a bad habit of doing something that opens the door for a really interesting story and then just walking away and forgetting that door was ever opened. Again, the improvements in booking we've seen over the course of the last several months would suggest that this likely won't happen and we'll get an actual storyline out of this involving HHH, KO, and, I'm thinking, probably some other recent NXT call-ups, creating almost an "NXT TakeOver" (to borrow a phrase) of the main roster. This could even lead to something along what the Nexus angle could have/should have been.
Also, and this is a very minor Point 3: There was no actual guarantee KO was going to lose that four-way elimination match had HHH not come out; it simply served as a means to an end. KO was in no immediate danger of being eliminated and Rollins and Reigns were outside focused on each other. Thus, the HHH interference was obviously geared more toward a "HHH wants KO to be champion", rather than "KO can't win matches on his own". This is a small point, but it's one that suggests that KO's not being booked as weakly as might otherwise be indicated.
wk