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I think it is an excellent question. However, looking at the examples it may seem that we only need QITs, that is set-truncated HITs. However, this is not true when you are dealing with higher structures that arise naturally like the type of sets. For example when you define the integers as a quotient, or nicer as a QIT, you can only eliminate into types that are sets, for example you cannot define a function from the Integers into Set. However, this can be addressed by replacing set-truncation with a coherence law, in this case you basically say that integers have 0 and suc and suc is an equivalence. You can prove that the HIT constructed by these principles is a Set (this is actually harder than it seems) – Luis Soccola and I have recently written a paper about this (need to put it on arxiv). Another example is the intrinsic presentation of type theory as the initial Category with Families which was already mentioned. Again the problem is that you need to set-truncate but then you cannot even define the set-interpretation. This can be again addressed by adding some coherence laws (need to check the details) and you get a coherent version of CWFs which enable us to eliminate into any 1-type, including the universe of sets.
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