I consider my usage 'low risk'. Thats because I always scan every executable that I download with the resident security solution (BitDefender/ Norton/ Malwarebytes/ etc.), then I upload the file to virustotal.com for a second opinion. Only then I actually install the software, and I also pay attention to the options the installer gives to avoid unasked bundles. Despite all that, I have made a mistake a handful of time with very well known softwares like FileZilla, etc. And yeah, I always download from the official site, unless they link me to something like sourceforge, etc.
Given that I do believe that my usage behaviour constitutes 'low risk', I have also decided to stick with Windows Defender & Windows Firewall for security, despite having over a year remaining in my current BitDefender Total 2020 subscription. Thats because I want to keep my system as lean/ lightweight, and therefore as fast, as possible.
On a personal level, I like to have variety on a few choices, and therefore I like testing/ experimenting with stuff. This also has the benefit of not monopolising existing players, and giving opportunities for new developers to bring out new products and support development.
Before installing any software, I read several online reviews before narrowing down my choice. For example, there is no video file that VLC can't play, yet I wanted to try a different video player because I was tired of VLC interface. So based on several reviews, I found most of them recommended PotPlayer, so I tried it out. But I found that upon launching, it started giving me video recommendations, and I don't like that 'feature'. I just want it to play my local files and do absolutely nothing more. One way of doing that is to completely disable internet access to that app. I will update it as and when I want. Same principle holds true for other apps too.
While it is a good practice to stick with tried and tested softwares (by the way the latest version of VLC is flagged by one of the engines on VirusTotal) only, I think it is also fine to try a few other alternatives available in the market.
As with sticking with Store apps alone, while I too want to move in that direction, but we know that some of the best solutions live outside the store (probably to increase developer income) for genuine reasons. Why not support those? I don't mind paying for a software, but only as long as I am able to put sufficient safeguards in place.
By the way, what do you think about TinyWall (https://tinywall.pados.hu/)? It seems to have the ability to allow LAN only access, something I (desperately) want.