Bless you, I don't mean to sound abrupt or unkind but this question cannot be answered here - there is neither time nor ability to reach a comprehensive, conclusive answer from 72,000+ people who are not of one mind even if there is only one answer. Why, we even have some people here who are willing to tell you everything they know even though many of them lack the capacity to know anything.
What you're asking is, "is it better to have a bad picture of a good subject, a good picture of a bad subject, or some compromise in between." That's your decision and you have to make it, preferably based on a lot of experience and study which allows you to properly assess a scenario in advance in terms of your capabilities which includes just you, mother nature, and your equipment. What you're going to get here is a repeat of the parable of "The Blind Men and The Elephant" (Google/Wikipedia) but you won't know that because you do not have the vision, capacity, or need to put the pieces you currently have together or you wouldn't be asking the question.
You have to know enough to decide if you want to be a practical person who comes away with the best shot under the circumstances and a willingness to accept it knowing that you've done the best job possible for you, given your knowledge, skill, and your equipment levels, or if you're going to insist on doing it a certain way that causes you to miss a lot of shots that you could otherwise get with a little willingness to compromise being an anal "procedurecrat." It IS your choice. Have the confidence to make it, experiment, and learn from your mistakes which, incidentally, you shouldn't openly display like so many of us do.
Obviously, it'd be fantastic if we always got excellent high quality shots of very exciting subject matter, but that's not likely to happen all that much, unarranged, especially if we shoot everything that comes down the pike, still or moving.
My personal philosophy is to get the best shot possible given the circumstances even if it pushes my iso up to as much as 6400 and worry about fixing it later, again, to the extent I can. I'm pretty happy with most of my shots but then, I don't do this to put shoes on the kids, or buy bread, or even beer. Please feel free to check my shots out here by referring to my profile and looking at my last few threads posted if you care to see what about my shots makes me happy.
http://www.uglyhedgehog.com/user-topic-list?usernum=1324.
Bless you, I don't mean to sound abrupt or unkind ... (