The longer you wait the harder the pain. The less you wait the more frequent the pain. So it depends on the function that converts intensity and frequency to suffering :p But, most importantly, the fact that LTS gives you a choice is what I was highlighting.
For the scope I operate, which is pretty standard Linux packages (PostgreSQL, MariaDB, Nginx, Docker, OpenVPN, OpenSSH) the changes between 16.04 and 22.04 have been quite OK to deal with.