Probably somewhere in between. Although not sure I've gotten out enough the last few seasons for it to matter much.
Normally I enjoy getting out on the ice late in the season to chase panfish. Its nice to hole hop in a sweatshirt when its 40+ degrees. I've had to use planks to get on and off the ice more than once. I guess normally I consider it over when my planks aren't long enough any more.
Even eminent chartered accountants are known, in their capacity as fishermen, blissfully to ignore differences between seven and ten inches, half a pound and two pounds, three fish and a dozen fish. ~ William Sherwood Fox, Silken Lines and Silver Hooks, 1954