Stone soup: you spend more on a quality higher wattage unit because it will be built with more solid components as a side effect of its higher rating and will therefor be more reliable.
No. Higher wattage doesn't mean it has more solid components. Why would it mean that? It just has
more components and bigger capacitors etc. to deal with the higher load.
There's a point at which is makes no sense to buy a higher wattage unit for
reliability reasons, and that point is not 50% load at normal system load. It is about 70% load for good quality units. That is to say that for a system that uses 350W, a quality 500W unit is just as reliable as a quality 700W unit in the long term, all other things being equal.
Also the nice thing about 80+ rated power supplies isn't that they are more energy efficient, the best feature is that 80+ certification requires them to actually be capable of delivering the power they advertise.
Yes, maybe at 25C degree ambient, which is abnormally low for any closed-case system where the unit is stressed to its full capacity. And even then some 80+ rated units can't deliver their rated wattage cleanly at low temperatures. Decent manufacturers rate their units at 40-50C.