It's not that big a deal, we have earlier backups, so this is really all about gitting rid of the contant "out of disk space" messages that come from various apps. It's particularly annoying as we keep all the important stuff on a NAS, with RAID and a backup schedule of its own, but I'm constantly having to clean up stuff, delete trash and so on, when the real problem is all the junk cluttering up the Library, a fact that I only discovered recently. But yes, you are correct in that I don't really care about the contents, other than in the inconvenience of setting it up again (which would, at least, clear out the Library folder).
iCloud storage and removal of redundant items will do little for me under the circumstances, but I will try the other suggestions in the article. Thanks.