@mngrif local toots to me are less useful than federate only.
Local toots are generally for server announcements, the sort of stuff QOTO makes. Its also good if we want to talk openly about server policy without having the likes of @ isolategab and similar making an issue out of it since they cant see it.
Federate only is great if you have content that might be spammy by local standards (say you want to promote a non-STEM oriented company) but otherwise would be appropriate for the wider fediverse.