Other people use ab initio very differently (for example, since you said "level of theory" I think you mean basis set). I don't think something like QM levels of theory provide a great deal of value on top of classical (and at a significant computational cost), but I do like 6-31g* as a simple set.
Other people use ab initio very differently. For example, CASP, the protein structure prediction, uses ab initio very loosely to me: "some level of classicial force field, not using any explicit constraints derived from homology or fragment similarity" which typically involves a really simplified or parameterized function (ROSETTA).
Personally I don't think atomistic simulations of cells really provide a lot of extra value for the detail. I would isntead treat cell objects as centroids with mass and "agent properties" ("sticks to this other type of protein for ~1 microsecond"). A single ribosome is a single entity, even if in reality it's made up of 100 proteins and RNAs, and the cell membrane is modelled as a stretchy sheet enclosing an incompressible liquid.