IMO if you: 1) have an absolute top choice; 2) that college appears affordable; and 3) you feel your application is as strong as it can be (ex. your essays are well developed, no huge awards/achievements expected that may move the needle for admissions) then I see no downside to applying ED.
FWIW my D applied ED to her top choice (a LAC) and was thrilled to be accepted in December and be done with the process.