Yep I'd use engine rebuild tickets just to save money on the cars that cost near 500,000 to rebuild. Not that the money is tough to get, but you have the tickets so you might as well use them and that's their most efficient use.
The full restoration tickets are best only used on cars that have gone so far that even rebuilding the engine doesn't get it all back and that you want to keep. In most cases I'd think that would be just for used cars with tons of miles and for cars used for major grinding in the good old days before megabucks seasonals. Some people also probably use them for chasing that lost 1hp, that's up to them of course. I suppose they are good for permanently degraded chassis as well, but that's a bit tougher to quantify and if what I've read is correct it takes longer than it does for the engine to permanently degrade.
In general, full restoration tickets should really only be used on cars you can't get back, either special downloaded cars or cars that came with a special edition of the game, or for standards that you like and are difficult to find again.
I'm still waiting for the oil light to come on in my street 2010 Camaro, been at about 3,000 miles for a while. But driving about that far in the 24 hours of le Mans didn't turn it on so I don't know how much farther I have to go and I don't drive that car as much as I once did.
And I STILL haven't used up all my oil change and car wash tickets. :b