I’d go with a balanced view: you need them both for any non-trivial product. I was recently reviewing a PR that renamed a model, I wanted to understand what happened under the hood. Turns out that mariadb had a rename table operation forever ago and that was used by the orm under the hood. So no need to backup the prod table. Just run migrate and be done with it.

PS: I still exported the table before deploying this fyi.