4 panels is very borderline. Obviously it can be made to work as you've proven, but I'd expect that 4 panel system to struggle to hit even the lowest switch on voltage in lower light conditions, so there'll probably be entire days in winter when it does nothing at all IMO.Recently did a 12 (east) +4 (South) using a Power-One PVI 3.6 OUTD (single inverter 2 MPP trackers) remember to lower the start up voltage on the second string (easily done) system works absolutely fine. Some installers don't know as much as others. (supplied by Ken of course)
We looked at Power-one Micro inverters for that job and couldn't justify the extra expense over yield. Also installed an ImmerSUN at the same time, customer is over them moon with 'free' hot water by 10:30 - 11;00 am most days (he is still in the daily habit of looking at it)
For an 8+4 the power-one PVI 3.0 OUTD should be just fine though the calcs should still be done, and remember to set the start up voltage on string 2.
over a year though I guess it probably is going to be less than 1% generation impacted, so you're probably right that it makes more financial sense than the micro inverters.... though the inverter on that tracker will also be right at the bottom of its efficiency range as well, so the micro inverters would probably have a 3-5% overall performance advantage as well.
probably a swings and roundabouts situation really.