What is the correct interpretation of path-based PEP 508 URI_reference?

Further thinking about this, my opinion now lends toward disallowing relative paths in Install-Requires metadata.

The main reason is that such relative paths would only make sense when installing from sdist (with sdists inside sdists) or VCS. Building a wheel with correct Install-Requires would not be feasible in such case.

From what I understand of the use cases, there are viable alternatives (such as --find-links or vendoring).