Labs cost a lot of chy and take a long time to be able to use properly if you want the most out of them, yet with one error that could even be more OOC than it is IC, boom. To my knowledge there is no other skill in the game that works like this and I think it would be better if failures gave you a chance to repair your equipment and not just take it away from you immediately.
If you get shot up and you lose your gear you can buy it back or otherwise find a way to get it back as long as it hasn't been shredded by some otherworldly means. If you crash an expensive vehicle you can have it repaired as long as you're willing to fork out the extra chy. Generally, if you fuck up elsewhere you almost always have a chance to recover that doesn't involve 'just buy a new one'.
Maybe this needs to be looked at.