Do you have any citation for thermal cycling through the range of an AC inside a house affecting the failure rate of any household goods? Based on my experience this does not seem likely to be the case: thermal effects tend to be exponential or high powers of temperature, and most thermal cycling that people worry about is on the order of 100C or more. 10/20C of variation seems unlikely to be relevant.
(There is a case where if your house is well insulated enough, then it can be worth avoiding cycling your AC during the day, because it is both less efficient and will wear more while pulling the temperature down and this can be worse than just leaving it running in a sufficiently insulated house. It still is probably worth turning it off if you're away for a week, though)
But with most houses, the AC will cycle on and off throughout the day anyway - raising the temp while you're gone will often result in less cycling. Especially if you also increase the hysteresis range while out. So you get a triple efficiency win, from better AC efficiency, less AC motor wear, and less heat loss to the outside.