> What's the benefit of this type of stacked PRs over a well-curated set of commits, and reviewing per commit?

Even if the reviewer does the review commit-by-commit, all the comments and discussions will be on the same PR leading to multiple ongoing conversations about different topics that would be split if the PR are stacked. Also, all the new commits addressing the comments with spoil this commit-by-commit design, as the previous commits will be outdated and the new changes will be on top of those. I think it's beneficial for new changes to be a separate commit and not rewriting history, to not force the reviewers to re-read everything but just the latest changes.