We should just purchase what we want and can, within reason, of course. If 16 GB is sufficient, people often make it sound like going for 32 is criminal. It is not. It is a choice. The ones who make it are the ones who pay for the choice and end up with a lighter wallet. That's the cost of their choices. No harm done.
I know 16 GB is going to be sufficient for me. I went with 32 GB because I wanted the M1 Max GPU cores. At that point, going for the top config in stock made more sense. I did not need 1 TB. I have been using 256 GB since 2013 and that, too, 150 GB free more or less, at all times. Store most of my data on external drives, and only the 'running data' is what stays on the laptop.
That happened because of the 256 GB drive. The 1 TB now offers me more leeway. Did I need it? No. But, will certainly appreciate and use it. That is all tools are about. You can have the bare minimum screwdriver do the job, and then you can have an assisted screwdriver, or a screwdriver with a better grip and handle. It's just about choices.
That was my thought process almost exactly.
To answer another poster, the biggest demand I put on the laptop is import/export large numbers of RAW images from Lightroom. The largest photo I have worked on in Photoshop is 2GB, but that’s really unusual. I don’t do any video or play any games.
To another point, I usually set my budget then get as much bang for it as I can. I was surprised this year that I could get so much for what I had set aside. I budgeted the same amount for this purchase as my last one, and got WAY more computer. Plus I got what I thought was a good deal on my trade in.
As I said in my original post, I am happy with the purchase and will not be returning it, or exchanging it for a different configuration.
I do not use external monitors, the only external device I use is a card reader and a pen/tablet.
But if I was still looking and wanted to save some money, I would appreciate hearing from a current owner that I could most likely be satisfied with a less expensive configuration. Also like Max on the YouTube channel Max Tech, one might want to have a more portable device that’s still capable. I think that could easily be done in my case.