Of course myeloblasts should be included as myeloids.
I generally report the M:E ratio when it emphasizes an abnormality in the differential that I want to highlight. Another time it may be useful to report M:E routinely is when you are reporting an overly complex differential such as breaking down erythroid precursors (proerythroblasts, basophilic normoblasts, etc) and granulocytic precursors (pro, myelo, meta, etc.) so that the M:E math can't be done easily by the oncologist.