I still reckon it's better to keep sketches simple when parts are complex.
I learnt this when I modelled intricate extrusions. The cross-sections had hundreds of small lines, all inter-related.
At first I modelled most of it in one protrusion. The regen time was horrendous...
As an experiment, I did another model with a simple protrusion, then simple cuts to remove material, then groups & mirrors/patterns of these cuts to create the extrusion surface. It regen'd in a fraction of the time.
Plus it was easier to change a size later. You just changed it once or twice & they all updated. When I opened sketcher with the original sketch, it took ages to display because of all the lines (and my workstation!)
As was said above: for simple parts (with less than 10 individual operations) - go ahead & model either way, it has less impact.
But for more complex parts, think ahead - the next person that comes to the model will probably thank you if it's easier to understand - with separate features for operations.
If you want to clean up your model tree - use groups. Group together features that are related by function or area. For example, group together a bunch of cuts & grooves used for a pipe end attachment, etc... A group collapses to one line in the moel tree, and can help to simplify the structure.
If you think about it, the model tree should be just that - a tree - with branches...