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If I'm right higher authority forces your vassals to cease their wars, so you won't have a count, duke or king consolidating within your boarders. It might also increase taxes/levies too at the High mark.
A few reasons to upgrade it, mostly to restrict vassal powers and their ability to wage war within the realm and without.
iirc you already get the realm peace at high authority, so you don't really need to upgrade to absolute to prevent vassal wars.
the higher vassal obligations are probably not worth the opinion hit, but if your domain / private mat at arms army is strong enough to keep the vassals in check despite the lowered opinion, it's a good way of getting the most out of your lands.
https://steamuserimages-a.akamaihd.net/ugc/1820011841554393590/159D5CD6EFB26D9F837CEB4C76D077F0F8A11A76/?imw=5000&imh=5000&ima=fit&impolicy=Letterbox&imcolor=%23000000&letterbox=false
I haven't declared a personal war in like 150 in game years or more.
The problem, generally, is that vassals growing inside the realm are gaining power for themselves without any benefit to you, in fact the in-fighting tends to weaken the realm itself and make it more vulnerable to external threats.
Plus, it tends to result in ugly internal borders, if you care about that :)
External wars are better because, the vassal is gaining power, but so are you. And you could even help them, if you want to and have an alliance.