Some prep bowls and a bit of time to find things and chop before turning on the heat may make for more dishes to wash and take longer, but it certainly makes the food a lot more consistent and makes cooking less stressful. No more panicking that you've burned something while chopping up a garnish or letting a pot boil over because your back was turned getting something out of the pantry.
I have a lot of confidence in my cooking. I know how long it takes to soften the onions, and I know how long it's going to take me to slice the chicken. (And wash my hands, because I don't want to cross-contaminate.) So I feel safe doing the preparation concurrently.
I know I've actually got cumin on hand, and so there's no chance that I'll get to the point where I need to add it and discover that I have to run out to the store.
And so on. I get away without doing the mise. Usually. Every once in a while, it screws me up, and that's my own damn fault for my arrogance.
If you haven't been feeding yourself for three-plus decades, it's really good to start by doing the mise. Plus, it's a good habit if you were to ever want to take up cooking in a more serious environment, where you're doing more dishes at once.
This works best for me. But IF you are a pro, you do you.
for heavier instruments like cast-iron or dutch ovens, I'd actually recommend preheating while chopping. just be mindful of the burner and adjust as needed