Happy to see this mentioned! By involving everyone, the experienced engineers will usually ask the harder questions and test the assumption of your design and the juniors to learn and re-evaluate assumptions they have about building software. Almost a win-win for everyone.
Even though in these discussions there may be a social aspect where certain individuals are trying that much harder to find disadvantages of a proposed design (many reasons which readers are probably familiar with). However, I think this becomes a net positive to the overall engineering as everyone tries to bring their A-game to these discussions.
Anyhow, my experience has been that collectively reasoning about a design (assuming the team feels comfortable with criticism) will always get results quicker.