In the 1970s when we were struggling to perform realistic 3D computations even on the most powerful computers of the day (at Imperial College we were using a CDC 6600, which was then a state-of-the-art super computer), the savings in computer time and storage from using a parabolic or partially-parabolic solution method rather than a fully-elliptic one, when it was valid to do so, could be crucial in making a computational study practicable or affordable.
Now, however, when we have virtually-free access to virtually-infinite computer resources (at least relative to the “austerity” of the 1970s), these distinctions are pretty much meaningless. One might as well use a fully-elliptic solution method for everything – the convenience in using one standard method for everything vastly outweighs any “wasted” computer resources.