Hello iMiWell, I just ordered the i7 version. Since the thermals and noise are expected to be the same as the higher-end i5 due to the same power consumption, why not go for extra performance. It's really not much more money.
Having bought in late 2012 the high-end iMac I never regretted the purchase. I have run handbrake hundreds if time for hours at a time, never an issue. Core i7/3.4. The one thing I will say however is that I am sorry I never got an SSD. That is the weak link in my computer (fusion looks fast at first, but after 5 years not so much in comparison to SSD). Enjoy. By the way the lowest end 27" 2017 is now faster than my i7, crazy!