I know lots of guys who hunt hard on public land but don't take a deer. Those of us who are privileged enough to have multiple opportunities per season need to appreciate our bounty. Not everyone has that!
That having been said, I lean toward FSW's approach. I tend to survey the herd on our properties, rank the top three target bucks, and pass on anything else - at least early in the season. I'm not fanatical about it, so as the fall progresses, I'm more likely to take a sub-dominant buck if the perfect opportunity presents.
I'm in it for the experience...and tagging out always leaves me with an awkward bitter taste in my mouth, particularly if it's before the peak of the rut. I've shot some nice bucks early and while I don't regret taking those shots, the remainder of those seasons was a letdown. Overall, I really enjoy the seasons where the hunt lasts right up until the fat lady sings. And yes, that means I eat tag soup sometimes.
On the other hand, I don't tell my friends who hunt with me what to shoot. Their hunt, their choice. The only rule is if they tag their buck, then they're out of the game during the rut. We shoot lots of doe, but not during peak breeding. Recovering a doe can bust up a property for days, and there may only be days out of the year when that big buck is killable. This does not apply to kids, however, and there are areas where folks can hunt doe without trashing the main rutting arena, so it's a soft rule.
In other words, I respect everyone's choices, but adhere to my own standards. In terms of doe, I have a group of students who love venison, and so late season is management hunting for doe - managing to fill my trainees' freezers!