If you're 100% sure than you'll NEVER need freedom of no limits, then yes. But it often happens that in the beginning we don't see the whole road ahead.
Example: a pilot who lives on flat land (Flat Earth?
) and thinks 1640ft is plenty, goes on vacation to Europe, to beautiful Swiss Alps, Italian Dolomites, etc. There, 500m ATOP is... NOTHING. You'll WANT to fly higher there and take gorgeous footage of mountains. Another example: gently rising desert of Great Basin in the U.S. West - it can rise 3000-4000ft easily, and 500m can be very limiting.
Again, it's all individual, but many pilots need the ability to fly higher than 500m ATOP every day.