Original unopened Super Mario 64 cartridge sells for $1.5 million at Heritage Auctions in Dallas
(gamingheartscollection.net)
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For comparison, Super Mario 64's EEPROM save is 4kb, while OoT's SRAM is 256kb.
I would speculate that the EEPROM may have been cheaper to cover the smaller saves due to lack of battery and SRAM may have been cheaper for the larger ones.