In summary, it is more practical to stick with user-friendly options that you understand well than advanced options. Simplicity and a strong foundation of knowledge are your best allies in safeguarding your bitcoin.
It depends on the number of Bitcoin you have and the purpose. If you have 0.5 bitcoin and above, you can get yourself a hardware to save you the stress and technicalities in setting up a multisig wallet. I think the multisig wallet comes very handy especially in holding organizational funds or family inheritance. I don't really see the need for an individual to have a multisig wallet and have the seed phrase and private keys all to himself. A hardware wallet, an electrum cold storage wallet or electrum standard wallet is fine with me.