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Always worth it. Anything is possible, nothing is lost in trying. The only way forward is up. There is nothing achieved by staying there and not trying once more, as prospects improve exponentially with every NLU above it.
P.S. - I have seen some posts where it was mentioned that in the last DayZ, AZB was the only T1 to come. I have also heard that Khaitan and CAM have just avoided the DayZ for two years now (I may be misguided) but have recruited from lower ranked NLUs (not to discredit the people there, just curious about this incongruency), is there any specific reason for all this? Also, since the college hasn't really released placement reports for quite some time now, it gets difficult to find out what's actually the scene there.