One of the plus points of a monitored approach with late handover is that the pilot flying the approach is prepared/expecting to fly a go-around, rather than trying to make a landing. Our SOP in BA now is to tie in SAC with the control handover, i.e. the approach must be stable for P1 to take over. If it isn't, they call for a G/A, remaining as PM.
I've flown many "self-handled" sectors in times past and it is very satisfying to land off your own approach but in an environment where you do long flights through the day/night to far off time zones in iffy weather, I think a monitored approach adds an extra layer of safety. When neither of you are feeling like the sharpest pencil in the box, spreading the workload makes sense, especially in what is a multi-pilot aircraft by design and certification.