Don't confuse "essential" with "convenient"
It is convenient to have 40 round mags, so you never sweat a makeup shot, but not essential.
LRBHO is probably essential for IDPA, since they will stipulate downloaded mags to force an empty reload. For USPSA and 3gun not so much, and unloaded starts would most likely be bolt forward. It would be convenient since there is a different feel when you run dry, but at that point, things have already gone sideways.
The optics could be debated too as a convenience or an essential