I do the same thing, except I usually run a version for two-three years and skip some OS releases in-between.

My recent upgrade was from Ventura to Sequoia, and I will likely move to Golden Gate at some point next summer right before Sequoia's support period expires (this happens in July or August). Over years it meant that I avoided some of the famous bugs like the discoveryd fiasco in Yosemite (I went from Maverics to El Capitan).

The one downside is that I sometimes have a to go through a huge app redesigns or big feature changes that have been accumulating over several versions. I ignore most of them and probably don't get as much value from the OS as I could have.