My reference to the tokens was really about how to value them for the purposes of calculating returns. Based on my calcs on just dividends, the upvotes and token value would have to be quite significant to generate total 20% returns from the three buckets added together.

And you're definitely right about personal preferences. The good thing about the delegations are that there are so many options depending on whether you're a pure financial investor, an ethical one, want to support your favourite projects, the platform, minnows or yourself, and how often you post in Steemit.