https://tonyarcieri.com/all-the-crypto-code-youve-ever-writt...
https://blog.filippo.io/the-ecb-penguin/
There are defensible positions for which ECB mode is acceptable. I wouldn't classify the scenario you described as one of them.
> If someone gets unauthorized access to the server you are already screwed since your application can get access to the plain text data in order to serve requests.
If someone gets unauthorized access to the webserver, yes, it's game over.
If someone gets unauthorized access to the database server, and it's a separate machine from the webserver, then your analysis here isn't applicable.
That's the threat model alluded to in the beginning of the article, but if it's not your threat model, then you may reach different conclusions about the best way to protect data. (You may not even use encryption, for example.)
From a security standpoint you don't change the threat model for the application. If someone gets unauthorized access to the server you are already screwed since your application can get access to the plain text data in order to serve requests.
If you threw away that computation for every request I would agree that it is wasteful but we don't need to do that if we rethink the role of the database in our application.