I'm just a friendly TASer visiting
I got the strategy to use a torch right after key 4 to be 21 frames, 0.35 sec, slower, so I'd say you can keep doing this if it makes life a bit easier for you with the torch charges. You'll gain 51 frames in your first visit to the banquet hall, gain 40 frames in the sphinx room, and then lose 112 frames on your third visit to the banquet hall.