I cant say I care as much as I used to, since encoding has gotten quite good, but I have also gotten better at seeing (aka. worse at being distracted by) compression artifacts so while I am less of a perfect remux rip supremacist, I'm also more sensitive to bad encodes so its a double edged sword.

I still seek out the highest quality versions of things that I personally care about, but I don't seek those out for absolutely everything like I used to. I recently saved 12TB running a slight compression pass on my non-4k movie library, turning (for example) a 30gb 1080p Bluray Remux into a 20gb H265 high bitrate encode, which made more room for more full fat 4K bluray files for things I care about, and the few 1080p full remuxes I want to keep for rarities and things that arent as good from the 4k releases or the ones where the 4k release was drastically different (like the LOTR 4k's having poor dynamic range and the colours being changed for the Matrix etc), which I may encode in the future to save more space again. I know I can compress an 80gb UHD bluray file down to 60gb with zero noticeable loss, thats as far as I need to go, I don't need to go down to 10gigs like some release groups try to do, and at that level of compression you might as well be at 1080p.

I cant go as low as a low bitrate 720p movie these days as I'm very close to a large screen so they tend to look quite poor, soft edges, banded gradients, motion artifacts, poor sound etc. but if I were on a smaller screen or watching movies on a phone like I used to, I probably wouldn't care as much.

Another side to my choice to compress is that I have about 10 active Plex clients at the moment and previously they were mostly getting transcoded feeds (mostly from remux sources) but now most of them are getting a better quality encode (slow CPU encode VS fast GPU stream) direct to their screens, so while I've compressed a decent chunk of the library, my clients are getting better quality feeds from it.