The "slow and steady" approach works well for mature or stagnant ecosystems, but only when the packages are small enough that distribution developers can reasonably backport security fixes. That clearly doesn't work with big programs like Chrome and Firefox, so they have to resort to shipping the latest ESR version.
Writing JavaScript on Debian is practically impossible without sidestepping the package manager in some way. In a lot of cases, the hacks you have to do to run up-to-date software on a distro like Debian decrease reliability significantly.