Much more important: I can use the current version of "paid once" software to access my data, even when the company went out of business.
Personally I am not a big fan of subscriptions for software or "real" items, when they do not contain changing content (like my newspapers or Netflix). This is especially true when I am not using the software regularly. As an example, I bought Pixelmator & Pixelmator Pro and all Affinity products, I use any of this software maybe once a month, some even less. I would never have subscribed to any of it.but with the license they offered they could make some money from me.
With 1Password I think, the company got too big for a quite simple App (I am a developer myself with 20 years of experience, so I think I am qualified to say so). No they have to sustain this size of a company regarding the means. For me, as a customer, that means that I have to pay for services and functions I will never use.
This said, I would probably accept the subscription for 1Password, as I use it often and I like it. I have spend money much worse. But I would expect to get want I want when paying several hundred Euros the next 10 or more years and that is the moment, we have to discuss reduced functionality.
With 1Password they could pay me much more than their annual subscription a month and I would not use it without having local vaults.
And in general I do not like the attitude of people who think they know better what is good for me than myself.