We often use the latest version of Java at my work place. We haven't had any issues with upgrading, so there's no benefit of waiting for an LTS. There's no big process behind it either. The developers just quietly change the version as part of keeping the project up to date (BAU)

It may be that we are shielded from edge cases because we are based on Spring, which is probably the most tested piece of software before new versions of Java are released. But it's my impression that the risk of upgrading to a new version of Java is not the same today as it was in the past. The only advantage of an LTS is that it is supported longer, so that you can postpone the upgrade if you really want. It's not as if the intermediate releases are inferior or less safe.

At my last job, we only used LTS in production. Upgrading Java was always a long process, but that's more due a legacy monolithic app across thousands of servers.

You can almost think of the LTS releases as a major release and the non-LTS as a minor release, so really this could be 25.2. The current Java release schedule is to maintain a consistent and predictable release cadence instead of pushing big new features every 6 months.

I'm always switching to the latest versions. Performance upgrades with no effort. Why wouldn't you (assuming you're not pinned by a dependency)