There is a case to be made for both sides and I don't think there is one universal "right" way for everyone.
It depends on our individual physiology, medical history, tolerance, preference and treatment objectives.
I have been on the pill continuously for many years, started initially to halve my risk of familial ovarian cancer, then once on it I found my quality of life improved in multiple ways through having no bleeding and a constant, stable supply of hormones, in particular avoiding the release of endogenous progesterone which I don't tolerate well but am fine with most synthetics.
However due to the evidence around various health outcomes, once I am postmenopausal and no longer in need of ovarian suppression, I am willing to try a regime with stable, physiological estradiol levels and intermittent courses of what will in all likelihood for me be a progestin if I don't tolerate vaginal micronised progesterone.
If this doesn't work out for me though I will switch to a continuous regime with the lowest dose of progestogen to control my lining, with regular monitoring. This may well be lower than the dose the NHS recommends, but for me it is about individualisation rather than bog standard one size fits all prescribing.
In the real world I think you have to have both the knowledge of what is theoretically optimal, and the pragmatism and flexibility to change course if the first (or second or third) thing you try isn't a good fit.