Yes. If you are the type of player thats mostly going to run normal shrouds vods tods, or only accept level 20's on elite runs of the aforementioned raids, dont bother crafting a min II. Rely on pulling/buying an exceedingly rare weapon in order to bypass dr, or maybe just not even pass it at all.
Make sure when you lfm spots you put "no n00bs" and "link beaters" in the lfm panel as well.
That's a typical night for me, so yeah, MinII is a no-brainer.
I regret nothing about my MinII Great Axe; I've got more large mats than I know what to do with. There's more to DDO end-game than normal difficulty. Try it sometime.
Then this discussion doesn't apply to you. We're trying to help out the OP, who is not in your position, and needs to make a choice between a Lit2 or and Min2.