The response variable in the dataset is highly skewed with a "ceiling effect". The errors of a fitted regression model, will thus also be skewed. I tried to fit a regression but as expected errors were not normally distributed. I doubt that transformation will help much.
The dependent variable (DV) ranges from 1 (not probable) to 7 (highly probable). There are 1197 observations in the dataset. There are about 40 predictors in the dataset, most of them categorical, ordinal or interval scaled. The predictor that interests the most is categorical with 8 levels.
I have looked at different options, but am unsure, which is the smartest one.
Option A: Tobit Models
I have just started familiarizing myself with Tobit Regression. From what I understand, they estimate two models. One estimates whether or not participants choose 7. The second model fits the model with coefficients for the dependent variable. Initial results are o.k. and I can interpret them, but comparing the diagnostic plot with the tutorial from UCLA I am not sure whether the model is robust?

Option B: Ordinal Regression I can treat the dependent variable as ordinal or interval scaled. Treating it as an ordinal variable, I can fit an ordinal regression. But how robust is an ordinal regression to a skewed distribution? Questions on StackExchange about this issue have no real answer or none at all ( question1 , question 2, question 3 )
Option C:
In this paper "two-part models" are mentioned. Is there another two-part model in addition to Tobit Regression that would be suitable for this type of data?
There are the 3 options I have come across so far. Is there any other alternative?
Thanks!