One thing to note is that you aren't always guaranteed a full duration SoW with potions. You might die, you might need to re-apply it before entering a dungeon with some time still left on the buff, and it might get dispelled.
The fact that the potions aren't insta-cast is such a small factor that it can barely be considered a disadvantage. You have to be so inattentive not to notice when such a long buff is about to fade. The insta-cast of jboots is worth practically nothing unless you're kiting mobs that cast dispel, and why would anyone really do that?
At the end of the day, it comes down to convenience. Do you prefer an insta-cast hotkey rather than fidgeting with potions? Do you care about the inventory space? Do you like the distinctive particles of jboots? If you play enough that the cost-effectiveness over a span of time exceeding 250 hours is relevant, you probably won't have to worry very much about the cost. The slightly faster speed of SoW can be considered worth it. Also, if you end up rerolling at some point, those jboots are dead weight.
Personally, I prefer the boots. They feel nice and it add an extra level of accomplishment and investment to my character. They're not better, but they're more convenient and I camped them so they only cost the 325p turn-in. When I make my iksar monk, I'll probably go with potions instead, especially because Kunark zones are so big and monks can't gate.
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