I used a 6 gal shop vac under my back-bench with an I-vac automatic switch for a few years. I got it essentially because of the Domino. The whole-shop main system had a drop for my miter saw and I even had a floor sweep opening in my area, but neither was easy to connect at the bench for hand operated tools. I used this set-up, with pretty good results for quite a while. Then the switch failed. The time I spent waiting on a new one was miserable. It is so easy to forget to turn the vac on, once automatic becomes a thing.
After the fire, while in a temporary facility, I again used a shop vac manually for a few weeks. Even though I had replaced all of the Festool stuff I had before, I didn't buy an extractor.
While the focus of the bosses was to get a new CNC up and running, and we didn't have a panel saw yet, I used the extra space I gained by building a track saw cutting station into the opposite end of my 4' x 8' router table. With the TS55 and a couple of tracks, I was far more independant/productive, but that's when the need for the extractor showed up. Moving the shop vac back and forth wasn't going to get it, so I got a CT26. It made things much simpler. I used it in it's original form for a while, not owning any bluetooth tools, it was fine. Learning about the remote was a game-changer, even though I still don't have any bluetooth tools. I use it a lot for simple clean-ups, but it relly shine with the Kreg jig. When I use the K5 on the bench, I always connect the extractor hose. The remote button is right there, couldn't be easier.
Live without it? of course, I did for years, but I sure wouldn't want to. When you make your living with this stuff and use it all day every day, little improvements matter and this is a big one. It's likely different for a hobby guy though. Plus, what you don't know can't help you. Of course some of this tech didn't exist when I could have used it, years ago. Some I just didn't know about or realize how much it could help improve/speed up my work.
All that so say "it depends", but don't count it out just because of cost. Cheaper alternatives can cost you more in the long run.