Yes, you're right. HTS allows the Tokamak design to be shrunk proportionally to the square of the magnetic field. With this SPARC becomes 1/10 the size of ITER with the same power output. It's not exactly perfect, the heat becomes far more concentrated so the divertor design becomes very challenging, but there are many paths forward here.
If the initial costs of reductions are reduced the economics of fusion are clear. Unlike fission the inputs are essentially free compared to power out (lithium, deuterium, tritium, even beryllium molten salt blankets are all a tiny fraction of construction and a rounding error in operational costs). There's no hazardous waste. The activated first wall does not require expensive decommissioning at the end of the reactor's life.
Biggest challenges for an operational reactor IMO are reliability related. You can't have them stall during operation, but unlike fission they will be very sensitive to things like plasma disruptions and instabilities. If anything "breaks" you may not have a disaster as with fission, but you still can't access the reactor until the radiation cools down (and cities go without power). Radiation damage over time might require swappable walls. To me the solution might be redundancy on site, but this would require the total construction cost to be reduced substantially.
The other approaches like Helion and TAE would be far better costs and maintenance, but the physics is still unproven. If either demonstrate Q>1 before SPARC/MIT, Tokamaks might be dead.