"Sounds like most are not happy with the performance of the standard model when expecting heat."
Like most thing in life, do not expect your dreams of high performance to come to come true with the low priced models, possible, but it rarely happens in any part of life. Yes you pay more for the high end hyper temperature units initially, but the savings are much higher and the heat output is generally much higher. Also factor in the utility cost will rise substantially in the future.
Run this calculator with numbers from a low end minisplit and a high end low temp minisplit, 9k or 12k ( high efficiency 9k_approx. 33 SEER, HSPF 13.8) .
"There is a spot to install the ground wire but I would be connecting both the AC and DC grounds together. Is this okay?"
You should have a ground wire from your inside unit, which is attached to the metal frame of the unit at some point, coming back, connected to the outside unit, continuity with the metal of the outside unit, with a ground from the power from the breaker box connected to the metal of the outside unit.
Raise the outside unit to average blizzard snow level if snow is an issue. Also, if your minisplit have openings which could allow 4 legged creatures to make a condo in your outside unit stuff the opening with rodent resistant material; on Ebay I purchased copper mesh for (2) of my vulnerable units, as rodent urine will easily kill electronic boards.
"Am I missing something? I would not have a warranty if I do it myself but I could do it right away and free."
Consider the warranty does not guarantee a speedy parts replacement. If you do not do the warranty parts replacement repair, labor is NOT included (most of the time). If you were to have a warranty, the labor cost could be close to replacing the inside or the outside unit. Basically a warranty can be useless anyway.
Personally I have Fujitsu units, I have a EPA 608 universal license, I used that to fill out my warranty info, Fujitsu sent back that the units are registered; have to say my state and county do not have licenses for contractors/HVAC, sometimes a provision in warranties. Will I have trouble in the future for warranty parts? Maybe, but I doubt it. Lastly getting your EPA 608 is not very difficult or expensive.
"Thanks for the response! Wow you have some really cheap electric! mine is around 13 cents/kwh. I am glad I went with the hyper heat model."
If you think $.13/kw is bad check out big city rate, such as San Francisco

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My 30x36 garage, average insulation, 2 windows, 2 garage doors is on a 12k low temp, highly efficient unit. It can easily keep up at >-7 degrees at at >102 degrees...actually it is over sized, a 9k unit could do my garage. Added less than $10 to my bill/month at $.11/kw
"having the warranty would help me sleep."
Wait till you get the labor bill on a warranty repair, you may not sleep well after all.