There is a difference between the latest version and the latest version
Major upgrades would be, from Monterey to Ventura or to Sonoma.
I would never want to be first and some software may not support the new version till weeks or sometimes even months after release. So no need to rush I would say.
Minor upgrades or point / dot releases happen within the same OS release, so in your care, there have been numerous minor updated on Monteterey.
These I would follow closely and I would be amongst the first to apply the update. In fact, I have automatic updates turned on for these releases as they primarilly fix bugs and more importantly, they contain security updates.
You really shouldn't want to run without the latest security fixes.