I think it depends on how long you're going to cut for. If you are going for a mini cut or something no more than 8 weeks to lose a little bit of extra fat, I think one could get away with a larger surplus. But I would also keep my protein very high and maybe supplement with a fat burner to expedite the process. However, if one chooses this route, they need to be realistic that they may loose a little more lean mass, but I would be more concerned about performance and strength.
I think a slow and steady route is the best approach as it is easier to hold onto lean mass, strength and performance will not be negatively affected, but most importantly, I think the psychological benefits would be better. When one is on low calories that person can become irritable and cranky.
if you wanted o meet this in the middle, I think eating at maintenance, but doing extra cardio to get into a deficit would be great. I know for me personally, if I eat a smaller amount of calories, I am very hungry throughout the day. However, if I create a deficit with cardio, but keep my calories higher, I am not nearly as hungry.