There was a big discussion about 3 weeks ago on this issue on the NBAA airmail. It was centered mostly on the newer Gulfstreams. From what was said, most of those guys do use a "flex" setting. They said they used that setting more as a comfort for the pax. All of them said full power really puts the folks on board firmly into their seat, almost at a level that is uncomfortable. It sounded impressive.
If the engines are on a MX program, I don't know why anyone would use a reduced power setting, unless it is noise. Let the JSSI/MSP folks worry about it. LIke 1 guy said, you got it, so use it. The engine MX program folks get a check every month for the operators, so by doing reduced power take offs, you are not doing anyone a favor but them. You have to pay them the same amount based on hours, not take off settings. The Gulfstreams are the exceptions.
Also, not all aircraft are approved for reduced power take offs. If it is not in the AFM, I would not be doing them. Some guys get their #s, then go over to 40C and see what N1 they can use with the available runway, then use that power setting. That is not approved and the V speeds will not be accurate. Just imagine the rug dance you'll be doing while telling the FAA of your unapproved reduced power take off procedure as your ticket is getting shredded. It's really now worth it. Don't step on $20s to pick up dimes.
Finally, remember, the N1s in the tab data are Minimun power settings, not the max. That is the lowest N1 that you must have in order to achieve the desired performance for the specified conditions you are computing. At the end of the day, it's the Temps that will get you, not 96% N1 when it's supposed to be 94%, but overtemp that bad boy, and you are creating problems that may or may not destroy the engine. Also, modern engines are going to have tattle tales on them, so be aware of that as well.
If you have DEECs, push it to the stops. FADEC, 3 clicks and hang on. EECs, set the power to get at least the # you have looked at in the book. The performance data is never based on rolling Take-offs. It is always static, so if the #s are close, you know what to do.