I think that’s probably the distinction though; EVOO has a much stronger flavour than the more plain OO. The latter is totally ok for a saute, or sweating off veg for a sauce etc, or roasting but as you note with a lower smoke point not so great for say doing steaks, or stir-frying - and far too expensive for deep-frying!
you can use it gently, the best EVOO you would just want to leave as is, but the lower quality ones would be fine for say the low temp saute you might do for a puttanesca or whatever.