Yeah I don't really think that would be an issue, but more for consistency over a few different flows, i.e. transfer, mash ramp and mash hold/recirc (particularly for sparging). The difference between 2-4lpm, 10lpm and 12-13lpm would be hard to be repeatable with a ball valve, particularly in that middle range. That middle range repeatability would be very easy with a speed controller, and difficult but cheap with a ball valve - moreso with a RIMS setup (with 1.2-1.5m of tube vs 5-10m of tube in a HERMS).
I know spending $110 on a speed controller isn't for everyone and this pushes the total pump cost from $75 up to nearly $200. I think with a HERMS setup the 'touchiness' of a ball valve would be damped a lot by the extra coil length, but with very little restriction on my RIMS I think it will be very touchy, while $110 is ok for me and gives me wide, smooth, repeatable flow control.
Now that you mention it it would be good to have a relay latch a resistor once it hits setpoint to pull the flow right back...