Honestly, recently on-chain there have been people sending their money away by randomly clicking signatures, which reminded me that hardware wallets are really not just "having one is enough."

I usually categorize by amount: for small amounts, don't bother with too complicated setups—hardware wallet + periodically revoke authorizations is sufficient;
When the amount increases a bit, and you're worried about slip-ups or device loss, then multi-signature is more reliable, at least you won't get all your funds stolen in one go, but the downside is obvious: it's more cumbersome to operate, and even I find canceling transactions slow...
As for social recovery, it's suitable for those who really tend to lose their seed phrases but don't want to rely solely on memory, provided you trust those few people, otherwise it's "human risk."
In blockchain games, inflation + studio control + coin price spiral collapse, the first to suffer are often those with the loosest security awareness.
Anyway, I now prefer to take more steps rather than blindly risk it.