I think it's highly circumstantial. For example, my personal servers run a lot of FreeBSD and even though I could stay on major releases for a rather long time, I usually upgrade almost as soon as new releases are available.

For servers at work, I tried running Fedora. The idea was that it would be easier to have small, frequent updates rather than large, infrequent updates. Didn't work. App developers never had enough time to port their stuff to new releases of underpinning software, so we frequently had servers with unsupported OS version. Gave up and switched to RockyLinux. We're in the process of upgrading the Rocky8-based stuff to Rocky9. Rocky9 was released 2022.