Having flown "monitored approachs" with my last employer, and "normal" now - I say normal wins hands down.. Absolutely agree with JD that monitored was great for older generation jets, turboprops etc. However, these days the automatics are VERY reliable..
The 'bus philosophy is that for LVP's the Captain flies (and lands, or decides to let autopilot land, or gos -around), and the F/O simply keeps a wary eye open on where the aeroplane's going. To go back to the original query, 100' above and it's time to glance outside.