Here's the thing: say what I have is a "disease" and currently, the best cure for this disease is a pill that would slow down my thoughts and make me into a bland emotionless vegetable during my waking hours in addition to reducing the amount of waking hours that I get to enjoy. Even if that magic pill buys me 20 extra years of old age at the tail end of my life, is it rational for me to take it in my early 30s?
In other words it's possible to "feel fine" on little sleep and yet be significantly cognitively impaired. Worth measuring that, if possible.
(It might have been Gwern, he's got a big page on the subject.)