I think I am with you. For just a $200 difference, the Pro seems like the no-brainer choice until you start thinking about how you actually use a phone.
I think I will go from my broken screen 14 Pro to a regular 16. When you first get a Pro, the heft of it makes it feel like a quality device but after a while, it gets kind of awkward so when I pick up a regular phone now I think, that feels nice. That lighter phone also doesn’t hit the pavement as hard as a heavier Pro.

LOL
Camera is another reason, all of the new features would be great if I were a creator but I am not. I am a regular person who snaps pics here and there in general and the regular now with a 48mp camera is really nice compared to the 14 model where the regular had a 12mp camera and you were forced to a Pro for a 48mp.
I honestly do not see a difference switching from my iPad at 60hz to the phone at 120hz. Am I disappointed Apple still limits the regular to 60hz, you bet but the regular fits my needs better than a Pro at this point with the 16 models. Money is not a deciding factor for me but to spend $200 for things I won’t use, that is a factor.