Depends what it’s needed for. Why pay extra if you don’t need the extra capacity or a slight improvement in speed? Or you could buy two of the cheaper ones for the price of the dearer, which gives you some redundancy against accidental loss or damage if you needed it.
I’ve never needed more than 64 GB in my camera for still photography for example, but I need several TB to hold my photo archive, though the archive doesn’t need exceptionally high speed retrieval.
Now video capture and playback would be another matter entirely, as would other real time high bandwidth data capture and retrieval. An other example from the SSD world would be a sophisticated cache / buffer disk in a multi user NAS? The higher capacity and extra speed would then make the 1 TB drive look like a bargain.