After some years of elaborate composting - i.e. specific piles and places to put stuff - I figured out that prevailing soil moisture levels in our recent areas are too low for efficient decomposition, and maintenance such as watering and stirring were becoming onerous.
Converting both my lawnmowers, a 42" riding junker and a 19" electric for trimming, to mulching deck configurations and "composting in place" by just letting the (mulched) clippings lie where they fall now works well enough that I have virtually nothing that I can usefully add to the compost bin.
In our previous home, multiple oak trees would drop about three "full-size pickup truck loads" of leaves each year, but if I "mowed" them to mulch before they got more than about 2 - 3 inches deep they disappeared - in place - much more quickly than if I collected them, ran them multiple passes through the chipper (for a 6 to 1 or more reduction in volume), and piled them somewhere.
I still maintain a small compost bin in a corner of the back yard for the rare cases when I have to crop out occasional taller weeds, and it gives me a place to put stuff that would otherwise just be a load on the landfill (and that I'd have to chip or chop to get into the trash), but the minuscule amount of "compostables" that I find isn't particularly productive. Even if, rarely, we "weed" our few decorative plantings, just throwing the clippings out on the lawn and "mulching" them at the next mowing seems the most effective way of re-incorporating them into the lawn.
We have a rather small lawn now, around 3,000 square ft, and only a couple of fairly small trees; but this system worked about as well at our previous home with around 12,000 ft2 and lots of mature trees (5 oaks and three elms, all 50+ years old, with lots of leaves).
Everyone with "a yard" or garden should have at least a small bin or pile, and those who have food gardens can benefit a lot from composting; but in our case "in place composting" with a mulching mower is definitely the most effective method for handling most of the excess vegetation.