I am all for editions as long as they are low, say no more than 25 with 2 AP. When you have an edition of 100 or more, it sort of defeats the purpose. The VAST majority of photographers will never sell out an edition so if it creates some form of demand in the mind of a buyer then all the better. It can drive someone to make a purchase. I know the argument of "why limit your work" but since most of us will never even reach the limit then who cares. Also, if you have the talent to sell out an edition, then you should have the talent to make other images that people will want, I see it as a driver for the buyer and the photographer.
That said, it really is a matter of ones personality and the risk they want to accept. If you don't mind the risk, then editions are more acceptable. Each method is fine, it all depends on the person.
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