No
I use to root with all my phone's but I don't see to much benefits these days besides battery , CPU tweeks and ad blocking, I normally run into to much hassle with rooting especially with online banking
No? Yes.
If you're rooted you can manipulate the nav bar any way you want.
I don't have the nav bar showing at all. There's no pill and no shading at all. The left gesture is completely disabled so it's easier to use apps built in swipe menus. I have 3 swipe up gestures.
And there's plenty reason to still root phones.
You can control which apps can have access to your phone and when they run in the background. Apps like Facebook and TikTok are constantly running and sending and receiving data. I have them locked down so they can't do anything unless they're open.
And online banking is an easy fix too. You just have to know what you're doing. It can be a little bit of a hassle getting everything done but it's worth it when you see the end results.
A properly setup rooted phone is better and more secure than it's non rooted counter part.