I am using an iPhone 12 and will keep 18.7 as long as I can. I know what iPadOS 26 did on my iPad 9th which shares the processor with the iPhone 11; it adds cool features but the performance hit is real. I also have an iPad 8th still on iPadOS 18 and it operates smoother.
For iOS 26 on the phone there aren't features I really need so I leave it at 18.