I like having 2 different climbers for every cruising or downhill gear. I'm not sure there's a hard rule about it, but I follow that as a rule of thumb. I don't mind losing a little top end because I'm running original brake calipers on steel rims, which means it's really easy to out-ride your max braking power. If I broke 20 mph, I'd consider that pushing it on original brakes. But if you have the braking power to safely stop from a higher speed, then higher gear would work well.
My theory behind high gearing of stock bikes is that the shops would get a large number of returns if people "spun out" too easily. If someone buys a bike and it's hard to pedal, they probably just say "I need to get better at this". If someone buys a bike, spins hard and gets passed by everyone, they'll complain. At least that's part of my theory.
The worst offenders were the American-made balloon tire bikes. Many came stock in the 1930s with 52-18 equivalent gearing (skip tooth maybe, but same ratio). On a bike that already weighs 40+ pounds, that's nuts. They're fun to look at, but disasters from a gear/drive train perspective when you need to go uphill. I remember climbing some rather steep incline bridges over the local water treatment plant on one. It was brutal trying to power up those. Some of the coaster hubs are very well-manufactured though.
The English 3-speeds were next worst because they just said "48-18" and that was the ratio for many years. They later went to 46-18, which is marginally better.
Some of the early derailleur bikes from England also had some very high ratios, probably because they had club and competitive riders in their 20s-40s in mind.
There's no shame in dropping the gear ratio to something more manageable. As I said, I haven't run an 18-tooth rear in years. I have a couple 20s, a few 22s and even a 24 (Raleigh Sprite 5-speed).