I actually disagree - in the early stages - nw3 or under - balding is hidden by having more hair not less.
When I shaved mine I looked very receeding and thinned but when I grew it out I look so much better.
Here are good examples of concealing hair styles:
Norwood 2.5 short and concealed:
View attachment 50138
NW3:
View attachment 50139
Jude Law nw4:
View attachment 50140
Justin Theroux nw3:
View attachment 50141
So there are some good examples of men who look good now and would look worse bald. I think people say shave your hair too early in the hair loss battle. My advice is to keep your hair until atleast nw4 stage. Anything earlier than that is too soon and will make you look worse.
Plus, not many people are norwood spotters. I remember saying to my ex that jude law is going bald and she would believe me and insisted that was just his hair line (this is around 2008 when he was balding but maybe not significantly bald).