It's pretty important to understand if your own work domain is one where the last 5% matters. In a lot of day-to-day software engineering tasks, it doesn't, and one can get crazy mileage out of the cheaper models. OTOH, if you are performing novel research, that last 5% may be worth whatever it costs...
On the other hand, if it's cheap to tell whether you got a good solution, and you think the 90 and 95% apply to your task blend, then it's almost always worth trying the cheap model first.