A very common failure mode I see even among experienced senior engineers is to talk about the availability only of their endpoint, not the user experience of the system to meaningfully address user requests. Well-intentioned SLOs around error rate, 99th latency, etc. become meaningless if you don't understand how they affect the various objectives of various production clients.
We generally accept that clients may have to perform retries, definitely jittered and hopefully bounded. Given that's the case, what does it matter whether a single instance takes 5 seconds to come back online after failure (possibly rescheduled on a new node), or multiple instances take the same 5 seconds to recognize leader failure and elect a new leader? Sure, they're unlikely to be identical numbers, but say they're within an order of magnitude and both have error margins so it's a wash.
An architecture astronaut will put forward a design with complex leader election, endpoint discovery, distributed locking, strong consistency, etc. for the latter solution and pat themselves on the back for their expertise and professionalism. They'll waste a lot of time for both dev and SRE as long as the service lives.
A reasonable person should be able to acknowledge that, given either solution will have the client retrying about the same amount of time, the simplest solution that delivers that experience is sufficient from the client's point of view and vastly preferable from a maintainer's or operator's point of view.
Of course not every scenario will be like this. Sometimes startup is unavoidably a lot slower than re-election. It's just rare you see this evaluated in terms of client-facing numbers before a very costly architecture decision is made.