In general applications they are not that important and can still achieve a good cylinder leak rate without using them.
If you are racing in competition and need every ounce of extra power then yea, maybe they are worth it to an extent.
I have pulled down 2 identical engines which one was torque plate honed and one was not. Then inspections carried out side by side for comparison. The wear marks and measurements recorded after being run for a few race meets were very much identical so id say the difference is negligible. Obviously it is also block and engine specific but if i was building a healthy street engine i wouldnt bother to be honest.
To answer your question more specifically, in my experiences they are not critical what so ever.
If you want to actually measure how much they distort you can do a rough simulation by torquing your head studs down without a head using large spacers e.g. gudgeon pins. Then measure with a bore gauge the distortion of the cylinder compared to a non torqued one. Get the drift?
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