I agree. I'd rather have fuel left in the tank when the needle shows "E" than no fuel in the tank when the needle reads "1/4" (or any other non-zero amount)
When I got my newer boat recently, I found out the hard way that the sender was too long and the tank was empty with "3/8" still reading on the gage. I replaced the sender with a much shorter one (maybe a touch too short!) and now it hits "E" with 1/3 tank left...which I'm OK with.
EDIT: besides which, if your tank is plastic / poly, you're supposed to go an inch short anyway, to account for tank flex.