My iPhone 16 Plus is fine on iOS 18, but as an early adopter you had the chance to downgrade.
This is especially key for iOS 26, as I’m very scared of battery life on the redesign. That hasn't fared well.
I will say though, that there is some very sporadic keyboard lag, this being the first time ever I’ve seen that on an original version of iOS.
Keyboard lag used to be the precursor of more serious trouble when updating. I never do, but I’ve seen it. Having slight keyboard lag on an original iOS version surprised me. That never happened. It is otherwise perfect though, and after almost 15 years of using original versions of iOS, I won’t stop doing that now.
Surprisingly, my iPad 11th-gen is indeed completely flawless, as expected, on iPadOS 18. That one will also stay there.