@audioquest4life,
Responding to your OP, I do approach with life cycle cost in-mind. I have two tonearms a VPI 10.5i with Soundsmith Carmen and a VPI 12-3D with Soundsmith Paua. I setup the Soundsmith Carmen based on life cycle cost (got a great a price on the 10.5i). I listen to music ~3hrs every day (~1000 hrs/yr). I have a number of records that are not 'audiophile' grade and why waste the Paua. I am partial to Soundsmith because of their acoustic presentation; they are very easy to drive - you not need a $$$phono preamp to get good results, they are quiet, and the cartridges can be 'rebuilt' - not retipped, but rebuilt with a completely renewed suspension. So, when you get the cartridge back - its essentially new and requires a break-in period for the new suspension. I purchased the Soundsmith Carmen MKII (hype-elliptical diamond - VTF 1.45 gm) on sale for $699.
From a life cycle/performance cost, the Soundsmith Carmen MKII is a bargain. Because of the low VTF, you should be able to get 1000-hrs and Soundsmith "rebuilds" the cartridge for $199. So a 2,000-hr cost is [($699 + $199)/2000-hrs] = ~$0.45/hr-use, and at 3000-hrs = $1100 = $0.37/hr-use.
Compare that to an Ortofon 2M Black with Shibata stylus that is $750 plus ~$550 for new stylus, so the 2000-hr cost is $1300 = $0.65/hr-use, and at 3000 hrs cost is $1850 = $0.62/hr-use.
Now for my Paua, I bought the cartridge on sale for $2500 and I am into the first rebuild ($550), so the 2000-hr cost = [($2500 + $550)/2000] = $1.53/hr. However, one item to note is that Peter personally rebuilds all the top tier cartridges and turnaround can be 8-weeks. The Carmen is rebuilt by staff, and turnaround should be just a few weeks.
Of course, the above analysis is useless if you do not like the sound of the Soundsmith Carmen/Paua, but the analysis is presented as a way to access a cartridge life cycle cost. But, make no mistake, digital can beat analogue life cycle cost easily because the average laser or digital component MTBF is at least 5000-hrs (but sadly the 30,000-hr MTBF of the Phillips benchmark glass optic lasers are history). However, if you have the financial resources, life cycle cost means nothing, but this OP was asking if a pragmatic approach was used.