Like voting one way or the other. Personally with all things weighed, sacrificing sixty bucks every six to ten years seems to be not a great issue. If one were to wear out the knob like a stage technician monitoring lights for a Broadway Play then the carbon erosion factor becomes something to note. Speaking of noting, note how few times and little movement (in inches) a complete equalization cycle puts on the variac's carbon tipped swing arm. Little variacs have a larger carbon tip proportionately than large units.
When I was overhauling AC generator voltage reguators (Basler and Delco) I did wear contact tips out. Load the field, tweak, readjust the load, tweak, my fingers used to get tired. The last big equalization I did on a cruising sailboat (22 L-16 batteries), I had to move the ohmite rheostat eighteen times. This was to field the alternator. Wotta hoot! Full disconnect of the batteries and reconnect using 2/0 jumpers to series according to gravity. I was equalizing to 32 volts. The skipper was amazed his Balmar alternator could do that.