Especially convenient with KMS auto-unsealing (https://learn.hashicorp.com/vault/operations/ops-autounseal-...)
The only thing protecting the unseal key is access to your KMS. So one rogue SRE can unseal the vault rather than requiring collusion of 1+ SRE members.
Again, this comes down to your risk tolerances and what you are protecting. I think for most workloads, the value KMS autounseal brings is worth the risk, but if you want to have tightest control, then the Shamir Split (M of N) is the best option.
I find it hard to build initial trust in the system, without involving the trust of an administrator + subsequent automation.