As I read, research and plan, I've come to this question? 7.1.4 or 7.1.2 ?
To which, I almost always find the answer "if you have the budget, get .4" sounds simple enough... but like most people, every setup is unique. In my case, its a smaller than "typical" room ( 12 x 14 x 8 ft) - I've decided to put my seating about 5 to 6 ft from the back wall (8ft from screen).
Looking at the Dolby spec sheets, I've just barely got room to justify the 7 speaker setup, rather than 5 - which makes me wonder if I'm going to gain much from using 4 Atmos speakers, instead of 2. Based on Denon AVR and Paradigm Premier speakers - the Atmos ones will be built into the ceiling.
And I only get " one shot" at this... because a) I'm not tearing my ceiling apart again and b) I'll get a Denon X4700 (9.2 channel) instead of the X6700 (11.2 channel)
Between speakers and receiver costs, I'd save almost $2000 CAD
So advice is important, because I'm sure if I setup with .2 Atmos, I'll "never know what I'm missing" - but might always wonder...
Whereas once the money's spent, its forgotten, and me and my sound system live happily ever after (maybe I'm answering my own question here, lol ! )