That cannot be stressed enough. Years ago a searched for a weird bug and could not find it. Of course I did not look at merge conflicts because "they don't really introduce anything new". But it turned out that a merge commit had introduced an arbitrary line, not related to its parents.
Also the opposite is true: You can make a conflict free merge of two correct parents and the result is broken code. It does not seem to happen very often in real life, but it's a risk one should be aware of.
I wonder how many merge commits there are in the Linux source tree that introduce something new by conflict resolution or break something existing without conflict resolution involved.
At work we are a small enough organization that we don't really merge, all our merges are fast-forward. But that means you move the risks above to rebasing.