I would be right with this if there was an air conditioner involved or some other substantial load. The point of the experience is that it never made any difference. It probably has somewhere but a good share of the worlds work is done on 16 wire. Modern homes have a lot of long 12 circuits and it doesn't stop anyone from running the vacuum.
The real lack of service is in spec built homes with garages, where people want to party on occasion or use a small air comp,,, wired behind drywall, its not to garden sheds. That is my personal experience.
This we even see here,,,, I don't recall a single thread here about problems with the shed service. My neighbor is a master, holds every paper you can get, has a 12 running to his shed, could have any wire he wanted for free, got a light and a recept in it.
Back to the op, if you are going to pipe,,, while inch is roomy and easier to pull larger conductors 3/4 if you use it is so much more practical for a diy type. MC cable and others are not shovel rated.
As for the rest of it, I am not immune from going overkill, I am one of the originals. I started my career overboard. I have got way more practical along the way and now use the words adequate and sufficient vs the best and every what if.
This forum is living proof,,, hundreds of threads about future proof,,, I or 2 I can even recall where it was a problem and the problem was still speculative,,, such as I havnt had an issue but I wish,,,, but it hasn't been a problem. 1000's of speculative threads about V drop, not 1 I can recall other than someone had a contractor burn up an air comp when using an outlet from a trouble light.