alt Hacker NewsI've had the complete opposite experience, and feel the complete opposite way. What is there to learn from failing a leetcode? It feels like luck of the draw - I didn't study that specific problem type and so failed. Also, there is an up front cost of several months to cover and study a wide array of leetcode problems.
With a take home I can demonstrate how I would perform at work. I can sit on it, think things over in my head, come up with an attack plan and execute it. I can demonstrate how I think about problems and my own value more clearly. Using a take home as a test is indicative to me that a company cares a bit more about its hiring pipeline and is being careful not to put candidates under arbitrary pressures.
Would you rather do 10 take-homes or 10 leetcode questions?
Either way, when you fail, chances are that you will not get any meaningful feedback other than "we have decided to move forward with other candidates".
If you had done a take-home, how could you know where you went wrong?
If you had done a leetcode question, you can look up the question after the interview and usually learn from your mistakes.
With leetcode you usually don't need the interviewer's feedback to improve. You don't even need the interview. And after a certain point you won't need that much time to prepare.