Typically, yes. I have a tendency to use sleep when I’m coming back in some set period of time, and power off when I’m “going”.
If I’m walking to a different room I’ll close the lid and stick in under my arm which makes it sleep, or going to the bathroom or cooking dinner or something. If I’m leaving and sticking it in my bag, I tend to power it off.
It’s a combination of not wanting the battery to die in sleep mode, and not wanting to put a heat generating device in my bag even if it’s greatly reduced.
Thinking about it, powering down also drops the drive encryption keys from memory so it’s arguably more secure. Not in the least why I do it that way, but it’s an advantage now that I think about it.
Since I’m more likely to use the laptop like a super-phone, I appreciate it when it becomes usable fast regardless of what state I left it in.
True! I tend to power off if I use the software button, and suspend if I close the lid. I think it’s the difference between “packing up” and pausing for a minute.