... It does also say in the regulations that air commerce should be given priority by private operations. ...
From memory, this is to be taken into consideration when performing straight in approaches. In reality, common sense says that it should apply throughout the spectrum.
I always give way to the Sikorsky S76's at my airport... their operating costs are $100 per minute. When the Super Puma comes out... I keep well away!
Dick beat me to it.... well said - on the ground for an airliner is statistically much safer :-)