if you don't want to play most games, don't want to use themes, don't want to use miiverse, don't want to use eshop, don't want to use dlc, etc etc, then sure, dump 1.0 fw and keep a copy of it
Eh, it could be useful in some aspects. For example, if you wanted to be able to use different games to grab dumps of most firmwares up to 9.3 you probably could do that. Although the 3 big firmwares you'd want are 4.5, 8.1, and 9.2. IIRC Gateway is also planning to support 8.1 now that some people will be stuck on it with their N3DS. And if you needed to go to any firmware lower than what you have (and you don't have a backup) you can just downgrade to 1.0 and then bounce back up using another game.