I have an astonishingly ludicrous pedal collection too. But I enjoy building boards, most of which seldom get gigged. It's creative and fun and I learn about pedals a little more each time I do it.
My 'Pedal option paralysis' is related to multi effects units. If I'm not doing everything they're capable of doing then I feel I'm under using them and they get shelved. It's ridiculous. If any pedal produces just one sound which enhances my overall sound, then its served its purpose.
Take the Ultrawave. I feel overwhelmed by the possibilities, and bewildered by the software. So it sits on the shelf. Last night I just decided to find six compressor presets I liked, load them up and then select the best one. Can it do more? Yes. Does it have to? No.