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Vaniver comments on Rationality Quotes April 2013 - Less Wrong
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--Chris Brogan on the Sunk Cost Fallacy
If there is another one next door, maybe. If it is much farther than that the menu would have to be fairly bad.
... if there is a sufficiently convenient alternative and the difference is significant.
I think you are using settle in its more precise meaning (i.e. release a legal claim), which is not consistent with the colloquial usage. Colloquially, "settle" is often used as the antonym of "take reasonable risks."
Similarly, I think the difference between "don't like the menu" and "fairly bad" is hairsplitting for someone who would find this level and type of advice useful. In just about any city, the BATNA is "travel to another place to eat, getting no further from your home than you were at the first place." And that's a pretty good alternative. I think the quote correctly asserts that the alternative is underrated.
While I assert that the quote advocates premature optimization. It distracts from actual cases of the sunk cost fallacy by warning against things that are often just are not worth fixing.