Yep yep I know how it works. But fwiw I’ve never had anything I’ve purchased on Vudu or iTunes not be accessible/playable subsequently. Sure it may get removed and not searchable anymore, but still playable and present in your library. And I have over 700 movies (peanuts by comparison to many though).
And also, re: $200 vs $20, $200 for the physical is most definitely NOT worth it to me.