Hi Rahul,
glad to hear your PMP application has been approved: you're now one step closer to getting certified!
Regarding your question, it is really hard to tell—as I believe there's no general rule and it is highly subjective. I passed my PMP exam in May, after getting my exam at a test center rescheduled and then canceled twice in the previous months. So, while I was getting ready to take the exam at a test center, I then had to adapt my preparation for the online proctored mode. In the first case, I only had to focus on my preparation, besides I was planning to go to the testing center the day before the exam, just to have a better estimate of the travel time and get familiar with the area. When taking the exam from home, I was also worried about the workplace and the internet connection—which is usually stable and high-speed, but... you never know! This made me a bit anxious, but in the end it all went smooth, which now makes me a bit more favourable to this exam mode.
However, this was my experience, and I bet there will be others will came to a different conclusion. Also, I didn't have the test center experience to compare to, so who know? I may even change my mind if I tried it.
My main recommendation is to go for what you feel more comfortable with, based on the opinions and experiences on both shared in this forum and other resources. As you said, each has its own pros and cons, but they are not absolute good/bad: it all depends on how you feel about them.
Give yourself some time to think about both solutions, and then go on and schedule the exam.
Gabriella