LTS means long term support, that means you still get fixes for the LTS period. No, you don't get the latest and greatest, but you do get software that works with hardware for a long period. You use what works for your use case, which is the whole point of all of this.
I find it that being on the latest kernel is more stable than using an ancient one.
Do you run a desktop environment as opposed to servers with server class hardware?
If you use LTS sofware, then you have to live with problems that were fixed years ago.
LTS means long term support, that means you still get fixes for the LTS period. No, you don't get the latest and greatest, but you do get software that works with hardware for a long period. You use what works for your use case, which is the whole point of all of this.
No you don’t. You get security fixes, but you don’t get the convenience feature fixing a problem in your workflow.
Backports can still be found for some things on more recent LTS distros. But you do you.