Late registration comes with clear advantages and disadvantages, and whether to use it depends on your style, skill edge, and bankroll goals. The main advantage is that you skip the deepest, most post-flop–heavy levels where stacks are large and decisions are tougher, meaning you reduce the time spent and often enter with a shallower stack that simplifies play. You also avoid early bust-outs that waste hours. The disadvantages, however, are that you usually enter with fewer big blinds, have less fold equity, and face fields already built by bigger stacks who can pressure you. Your skill edge has less room to work, and variance increases dramatically. Personally, I don’t avoid tournaments with late reg—it's a useful tool, but I use it selectively. If the structure is deep or the field is soft, I prefer registering early to maximize edge. If it’s a turbo or I’m short on time, late reg is fine. In the long run, early registration tends to be more profitable, but late reg can still be optimal depending on the format and goals.