I think it depends on what sort of shots you play. I assume you are referring to the case where there is some kind of pad between the leather tip and a solid wood shaft. My experience with that setup is that practicing fancy shots eventually damages the wood behind the pad.
I’ve played with shafts that don’t have a ferrule and liked the hit. I’ve never owned one though. Durability was a concern for me. I do like the look of shafts with short ferrules though. I believe the attached pic is of a Samsara Tru shaft, but I’m not sure. I like the idea and look, but I’m not sure a ferrule this small would provide much more protection than no ferrule. Any opinions?