I think that a commit should always be as small as possible and have a descriptive, meaningful message. It is therefore pretty common that I end up with tens of commits when working on a simple feature. Which of these commits should be labelled as "feat" when the feature is added by a group of commits rather than a specific one, and that none of them really adds any feature? Also, a bug can be fixed by many commits. Which of these commits should be labeled as "fix"? We can't label all of them as fixes as cherry-picking only one of them wouldn't fix anything, which means the commit message would be misleading. The only solution left is to create one commit per bug fix or per feature.
Moreover, this information can (and should) be carried by the branch name already, as you'd usually branch off from your main branch to either fix a bug or develop a new feature. All you have to do is to follow a naming convention for your branch like "feature/my-awesome-feature" or "bugfix/fix-this-annoying-bug".
The only benefit I see with using conventional commits is generating changelogs automatically from your git history.