This isn't really saying much. It is a bit like saying the 1:1000 year storm levy is overbuilt for 99.9% of storms. They aren't the storms the levy was built for, y'know. It wasn't set up with them close to the top of mind. The database might do 1,000 queries in a day.
The focus for design purposes is really to queries that live out on the tail - can they be done on a smaller database? How much value do they add? What capabilities does the database need to handle them? Etc. That is what should justify a Redshift database. Or you can provision one to hold your 1Tb of data because red things go fast and we all know it :/