If you pair a majority of the time, sure, make a standardized workstation with your team. My team uses viemu in VS, which the rest of our office detests, but hey, we are the ones pairing 99% of the time.
When I am not pairing for the majority, I setup my machine to my tastes, and simply install a "default" editor for the few times someone else actually needs to type on my machine. Emacs and IDEA both have good ways to revert everything to defaults temporarily.
I do not believe, however, that a perfectly customized setup has only small gains. For example, consider two tools that I have never seen as defaults in any editor or IDE: rainbow parens/brackets and paredit mode. Rainbow parens just highlights pairs: http://stevelosh.com/media/images/blog/2010/09/rainbow.png
And here is a short minute paredit mode explanation: http://www.youtube.com/watch?v=D6h5dFyyUX0
When actually editing code, those two tools save me several hundred keystrokes an hour. And those are just the first two tools I thought to use as an example out of the entire toolbox that is emacs.
If I was to now give up just those two tools, I would be sentencing myself to the mental equivalent of tying five pound weights to my legs for the marathon that is the rest of my programming career. Why would I intentionally require myself to type more keys per hour to do the same editing, rather than just learning a faster way to edit? This is, obviously, also my argument for learning the vim editing system (which I also use in emacs).