I went the route of a physical collection, but man do they make it difficult unless you get a commercial player that is likely to have ads and doesn’t integrate well into a home theater setup.
I’ve taken to doing everything I can to play things through my computer, but they do everything in their power to make them unplayable. This includes things like adding hundreds of bogus playlists so you don’t know which one to play, adding extra layers of encryption that cause image corruption a few chapters into the movies, and more.
If they just allowed you to easily watch and rip the movies that I pay actual money for, I think a lot more people would be open to a physical collections of their favorites. As it stands, I can’t really recommend it.
For DVDs, I’ve never had an issue. They just amplified the BS on BluRays tenfold.