If you’re weighing the benefits versus price point, I would say it heavily depends on which realm(s) you play on, as well as your level of interest in the game.
For example, elite definitely has good perks, but if you play a gamemode like parkour, many of those perks are practically useless (like /break, pvp gear in /gkits, etc) so it might not be “worth it”.
Also, if you like to grind (leaderboards), higher ranks will definitely make it easier for you. Even if you don’t grind, perks from various ranks can make your gameplay smoother, and let you progress faster (like infinite free /fly - depending on server and rank - helps make building much easier). It really depends on how invested you are into your gaming experience.
It would definitely be helpful for yourself to look at each rank’s details on the store to make an informed decision. I find that people tend to skip over this step and miss out on some features that could be game-changing (user end of course).
Good luck with your decision!