Currently, if an answer is marked as "Very Low Quality", we are only given options to delete the post, or ignore the flag.
However, there are many times when the answer should be converted to a comment, but we can't, because the flag was wrong.
If an answer is flagged as "Very Low Quality", then I'd like to see the same tools made available for the post as if it was flagged "Not an Answer" (including this feature, if it is implemented).
This would help the workflow considerably.
It should be noted that this is a technological solution to a community problem; we have people who are flagging posts that are not an answer as very low quality (and conversely, posts that are "Not an Answer" as "Very Low Quality", such as link-only answers).
Given that most flags are to be taken as an indication that something is wrong, and that we shouldn't nitpick over the type of flag (only if it was helpful or not, except for VLQ, NAA and spam flags for the purposes of the review queue), we should have access to all of the tools for an answer no matter what the flag is (because we aren't going to change the social conditioning, and rightfully so).