I daily drive Sonnet 5/medium because it gets most things right most of the time at first try, while costing a lot less than Fable.
Opus can give better results on architectural/concept tasks and I use it sparingly, but it still costs more than Sonnet 5. Opus 5 seems to achieve results very close to Fable 5 while costing less (keeps Opus 4.8 pricing IIUC), but still more than Sonnet 5 then.
It depends on your quality bar. At a fixed level of quality, given a high reasoning sonnet vs a low reasoning opus, the low reasoning opus tends to be pareto optimal.
It's only when you need even lower levels of cost than opus at zero to low reasoning when sonnet starts to make sense at all.
Opus can give better results on architectural/concept tasks and I use it sparingly, but it still costs more than Sonnet 5. Opus 5 seems to achieve results very close to Fable 5 while costing less (keeps Opus 4.8 pricing IIUC), but still more than Sonnet 5 then.