How can I lower my max acceptable server ping?

PLEASE NOTE: 
My internet is not the problem, 0-8ms average connection to ap-southeast-2 and no problem with any other game or service.
I do understand Australia has less players thus less to populate the local servers.

I constantly get matches almost instantly after searching however they are on servers across the world with 150-200+ ping. 
I understand fully this is because the game prefers to find a match as fast as possible if less people are searching locally.

In my opinion the game is not fun and just a waste of time at this latency and if others feel the same, the problem will get worse as more locals stop playing.

!!!!    I'D RATHER BE TOLD THERE IS NO GOOD SERVER AVAILABLE THAN BE PLACED IN A BAD ONE  !!!!

Can we please get a option to set a MAX ACCEPTABLE PING setting.