No it doesn't. I mean, no I'm not willing. It's not a big enough advantage to overcome the extra weight.
Yes, for you, it wasn't. For other people, it is.
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To anyone who owns both models: Can you please tell me if the screen on the 9.7" has a much more yellow screen than the 12.9"? I have True Tone turned off, and the whites on the smaller Pro are much yellower than on my larger Pro. Wondering if all models are like this, since I'm on my second one.
I don't have the 9.7 iPP, but in my experience, the amount of yellow on an iDevice can vary, even among different units from the same model. That is, two 9.7 iPP could have different amounts of yellow.