I came up with an approach for placing labels where each gets a min zoom to show up at such that there are no collisions and always appears beyond that. Personally I like the feel of it a lot better, but the downside is that at a given zoom labels are less dense than if they could show/hide to fill in empty spaces. Also, it makes it impossible to dynamically style the labels, or rotate/tilt.
Demo: https://msbarry.github.io/maplibre-minzoom-demo/world