Convergence to the complete basis set (CBS) limit is analyzed for the problem of spin-state energetics in mononuclear first-row transition metal (TM) complexes by taking under scrutiny a benchmark set of 18 energy differences between spin states for 13 chemically diverse TM complexes. The performance of conventional CCSD(T) and explicitly correlated CCSD(T)-F12a/b calculations in approaching the CCSD(T)/CBS limits is systematically studied. An economic computational protocol is developed based on the CCSD-F12a approximation and (here proposed) modified scaling of the perturbative triples term (T#). This computational protocol recovers the relative spin-state energetics of the benchmark set in excellent agreement with the reference CCSD(T)/CBS limits (mean absolute deviation of 0.4, mean signed deviation of 0.2, and maximum deviation of 0.8 kcal/mol) and enables performing canonical CCSD(T) calculations for mononuclear TM complexes sized up to ca. 50 atoms, which is illustrated by application to heme-related metalloporphyrins. Furthermore, a good transferability of the basis set incompleteness error (BSIE) is demonstrated for spin-state energetics computed using CCSD(T) and other wave function methods (MP2, CASPT2, CASPT2/CC, NEVPT2, and MRCI + Q), which justifies efficient focal-point approximations and simplifies the construction of multimethod benchmark studies.