If money is no object, then nothing else is worth considering if it isn't Codex 5.4/Opus 4.7/SOTA. But for many to most people, value Vs. relative quality are huge levers.
Even many people on a Claude subscription aren't choosing or able to choose Opus 4.7 because of those cost/usage pressures. Often using Sonnet or an older opus, because of the value Vs. quality curve.
Cost may or may not be a factor in my choice of model, but knowing the capabilities and knowing they will remain consistent, reliable, and available over time is always a dominant consideration. Lately, Anthropic in particular has not been great at that.
anecdotally the quality of output isn't significantly different, the speed seems to be what you're really paying for, and since the alternative is free I'll stick to local.
Codex 5.4 is not out?
Codex subscription is very generous at pro tiers
Also us weirdos with local model uses. But your point stands.